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RE: Bitcoin (BTC) Mid-Day Update: BOTTOM COULD BE DONE!!! $26,440 Short Term Target!!
Volume does not really matter that much in my opinion when the market is not liquid enough because there is 200.000+ transactions sitting in the mempool. 60% of Bitcoin adresses are unusable due to high fees. This is when you have to look at the fundamentals and other factors than just TA. As well as how other coins are acting compared to BTC. I'm very bearish on Bitcoin short term and long term and my current target after this dead cat bounce is 8.000... for now.
I think TA predicts the current situation, but I guess it's just how you interpenetrate the data. I think the volume pattern is bang on so far for a H&S.
I want to see increasing volume now as the right shoulder drops. If that happens, I'm seeing 6k over the next week or 2.
The 'interpenetrate' is genius level ;)
Increasing volume right now sure won't be coming from MY side...
Seems we didn't get an evening update this time ?
Yeah!
There have been fractal bear shapes everywhere! And we just broke out of the latest one
And we're just forming another tiny head and shoulders within the right shoulder, 10k are surely ours, probably less, or more - whichever way one looks at it ;)
Wow, neighbor's dogs are barking like mad, they just got their presents ;))
Nice! I hadn't even noticed that.
As I said, there are bear shapes everywhere!
What is most likely to happen after the big H&S has finished?