If we zoom out a little bit, get away from all the noise, stress, paranoia ... and just analyse the chart for what it is ( a representation in drawing of what we feel the fair value is).... things don't look so bad if we hold levels and continue to grind on
the Consolidation will break shortly, I don't believe we will see many candles within that pattern anymore if btc shows some volatility. the current setup favours the BULLS all the way. The bears will need a drastic shut down at resistance to scare bulls back down. Monthly opening candle starts today, and weekly candles look ready for leg up continuation.
SHOW ME...
just copy pasted the distribution pattern that we saw during March April May before you know what.
Not wanting that to happen again, but I'd like somebody to offer me a better vision perspective outlook... what ever is more green you know
I don't know why I hate this chart. Maybe because it just makes sense. I don't like it... but to me it looks like like the most obvious scenario.
If bulls show up and prove that they are here to stay by putting a hard floor on the 36-38-41k range, that would make it a strong monthly bull flag and continuation would then be the most obvious scenario. But until...
