Expected a bottom at 55K and then it touched 52K, all that was so fast. One of those days market works on its own $BTC
The case of $ETH is even more shocking falling down to 2100.
Heaven for spot buyers.
Coinbase premium is back on $BTC and they have also started buying after a long time. Last time they did was near 60s leading to 70K. Let’s see if we form temporary bottom here.
@awawat Majority of CT don’t own bitcoins on spot, the peeps with that kind of wealth aren’t on CT as well only a smaller %. It’s mostly leverage traders and meme buyers on CT, so it does matter for most.
Sequential observations Bitcoin $BTC
1) A red month follows every green month.
2) Every green month gives a new yearly low.
3) Every red Monthly candle month has a low around 56-58K
4) Every red Monthly candle hits the top of the channel
August as per TA - Top 69K & Bottom 55K
Sequential observations Bitcoin $BTC
1) A red month follows every green month.
2) Every green month gives a new yearly low.
3) Every red Monthly candle month has a low around 56-58K
4) Every red Monthly candle hits the top of the channel
August as per TA - Top 69K & Bottom 55K
Sequential observations Bitcoin $BTC
1) A red month follows every green month.
2) Every green month gives a new yearly low.
3) Every red Monthly candle month has a low around 56-58K
4) Every red Monthly candle hits the top of the channel
August as per TA - Top 69K & Bottom 55K
@venture_charts I think it’s more of P&D pattern here (if this doesn’t bounce to atleast 66) , will look into what you said. Will wait to see what happens next week.