Puffed? Not so Fast.
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It took some energy to get up here, but worth the time. At this moment it looks as though we might spend some time in this range, but do not be fooled into R&R. Breading down, even a small bit, would amount to breaking structure that Bitcoin has only done once since its recent lows around 9 800. Breaking Red Target 1 could see Money Man tumbling to Red Target 2, where very old support is waiting. Green Target 1 is an odd shape and thus time sensitive but important enough to extend as a level of resistance. Timing things currently is very difficult. Green Target 2 is a carry over from when we were there last and would see some selling and there could not be enough fuel left if we get there. This “slow catch” we have been in has preserved the energy overall.
My forecast: Be ready for if something gives to the upside and especially to the downside. Very important to me; Leave a like if you appreciate the effort, comment if you would like to add your voice and follow if you think this is leading somewhere that you would like to know about.
My forecast: Be ready for if something gives to the upside and especially to the downside. Very important to me; Leave a like if you appreciate the effort, comment if you would like to add your voice and follow if you think this is leading somewhere that you would like to know about.
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