I am just playing around with the charts, learning how to use the different indicators, etc. I know what prices I expect to see through June and then the end of the year. It is extremely bullish, with a blow off top above $150,000. A lot can happen in between here and there. Anyway - I can see this happening, with an $80,000 Fourth of July.
While we definitely hope it is the first - the chart looks like it could go either way. This could pop off to new highs, or retest low $30k area. Either way - long term is looking awesome.
Is the next signal that flashes here going to be up or down? Since, I am secretly fearful, I feel that might be a good thing.
Is this the target for the current BTC move (around $57,000)? If yes, what would the next leg look like????
This takes away the daily and weekly movements, and paints a picture of where the bitcoin price is likely heading in general. There is another, more obscure one, which prints the first buy signal in years - right now.