Last week when we reached $34 I thought it was a regular pump which it was.
But then when we reached $40k because another pump things have changed.
Specially when etc is holding the level between $38k and $36k.
Look at the weekly chart.
If btc closes this week (within 5 days) at $42k or above, definitely we are so far witnessing wave B of the wickoff distribution and can reach a maximum of $50k.
If btc manages to move beyond $58k next month, then we are talking major words and kickoff distribution is invalid and we are facing a continuation to a new ATH.
Now crossing this $58k is very unlikely IMO.
I'm expecting to reach $45k and then $50k as maximum. But $45k already accomplishes the end of wave B.
After that wave C starts and the way is to $14 aprox.
Let's keep watching.
But then when we reached $40k because another pump things have changed.
Specially when etc is holding the level between $38k and $36k.
Look at the weekly chart.
If btc closes this week (within 5 days) at $42k or above, definitely we are so far witnessing wave B of the wickoff distribution and can reach a maximum of $50k.
If btc manages to move beyond $58k next month, then we are talking major words and kickoff distribution is invalid and we are facing a continuation to a new ATH.
Now crossing this $58k is very unlikely IMO.
I'm expecting to reach $45k and then $50k as maximum. But $45k already accomplishes the end of wave B.
After that wave C starts and the way is to $14 aprox.
Let's keep watching.