Bull Channel that could correct lower to confirm

28 เม.ย. 2020

While many are saying that BTC is hitting a very historically significant resistance level, I'm seeing the new paradigm started from March is enforcing multiple support levels in the same region. I believe that BTC can lower in price to consolidate a higher relative volume of HODLing. Later this week, when the stock market reacts to reduction in Fed buying pattern, there will be more consideration to BTC's resilience, even if it crashes to a lower support. For now, I think we're all in agreement that BTC must lose its institutional support that correlates with stock market, and this means a massive price drop.

28 เม.ย. 2020

บันทึก

Ignore the last bar, I'm using that to set future bear trends.