Danger Will Robinson! Will 6k BTC Support hold up?
A continuation from last analysis with timelines drawn out a bit further.
We haven't had the large volume break out yet and that's what we need to get out of this stupid descending triangle.
Nothing much happened over the weekend, which is a bad sign.
These next few days will determine which way we go.
There's not quite enough shorts for a short squeeze either.
If you look at past charts of Nasdaq or even historical BTC, there's usually a large volume sell off before we move into sideways/bull trend.
We have not had that yet.
Good luck be safe, lock in your gains.
ImpactDLT
We haven't had the large volume break out yet and that's what we need to get out of this stupid descending triangle.
Nothing much happened over the weekend, which is a bad sign.
These next few days will determine which way we go.
There's not quite enough shorts for a short squeeze either.
If you look at past charts of Nasdaq or even historical BTC, there's usually a large volume sell off before we move into sideways/bull trend.
We have not had that yet.
Good luck be safe, lock in your gains.
ImpactDLT
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