We approached ATH and BTC corrected, however this was very short lived, lasted less than 2 days and now we returned back to a very bullish and aggressive buying.
As you can see the previous rally had an angle of 29 degrees while the current one is at 51!
Unless this is a trap for longs (volume is low), BTC may actually do a re-test of the ATH in less than a week. This means we are very bullish and likely to push beyond ATH before 2020 ends.
Volume remains a concern, this has to pick up if we are to have a realistic chance to push beyond ATH. In any event, we expected BTC to test 14k level when it corrected, but BTC did not give us this opportunity, rather it bounced back in a more aggressive way. Buyers can't get enough BTC!
As such, a longer correction many not be due until we pass ATH and buyers show some exhaustion. Stay tuned, we are at less than 4% from ATH again! Anything can happen.
As you can see the previous rally had an angle of 29 degrees while the current one is at 51!
Unless this is a trap for longs (volume is low), BTC may actually do a re-test of the ATH in less than a week. This means we are very bullish and likely to push beyond ATH before 2020 ends.
Volume remains a concern, this has to pick up if we are to have a realistic chance to push beyond ATH. In any event, we expected BTC to test 14k level when it corrected, but BTC did not give us this opportunity, rather it bounced back in a more aggressive way. Buyers can't get enough BTC!
As such, a longer correction many not be due until we pass ATH and buyers show some exhaustion. Stay tuned, we are at less than 4% from ATH again! Anything can happen.
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