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RE: Bitcoin Rally Possibly Exhausted.
I still consider this, including the prediction at the end of the post, to be correct: https://mentormarket.io/cryptocurrency/@bitbrain/the-bear-is-over-at-least-for-now
That is some wild TA man :), worthy read though so you reckon we're back in phase 1 of the market (sideways)? I'd say it's possible but another way to read these triangles would be a weakening of each bullish rally foreshadowing a larger capitulation below support (6k).
Yeah, I like to do simple looking TA, it amounts to the same thing without being pretentious!
"Sideways" is pretty much what I would say for now. I expect upwards sideways (as silly as that may sound), followed by downwards sideways. After that I expect the bulls to be unleashed.
From an FA point of view I really can't see a capitulation below $6000 for BTC, but crypto is crazy so I won't say "never".
My bet is on more capitulation but sideways or up would be good for my long term bags haha
Man, don't take this the wrong way but: I really hope that you're wrong!
haha, I really hope I am wrong too!
Looks like you were right, at least for now 😔
Let's see if BTC finds a range between $5700 and $6700.
Honestly it doesn't really matter, I'm just being impatient. BTC will climb to new highs - when IT is ready to - not necessarily when I want it to!