#Grayscale $GBTC fell into the collapse zone during Covid 2020. A logical tasty price considering the powerful bullish divergence on the weekly chart via Stoch RSI. A good signal for a good #Bitcoin recovery.
These institutional investors hold substantial stakes in multiple other corporations and essentially control the market.
They are the ones who spark bull runs and sell off during periods of euphoria.
And high-risk traders arent just worn out, they've also suffered big losses. In this environment, it's logical to stop being positive.
Until the opposite proves itself, and we don't fall into the downtrend in the weekly chart, I'm waiting for the bull market to continue/recover.
I'm sticking to my guns. The cycle isn't broken. Chances are, anyone who's now pessimistic about the near (and not just) future market has a moral issue. Six months of sideways movement, with the price going down and up, will wear anyone down.
$SOL USDT 1D
Yes, it's still an uptrend. We also see a potential bullish div here. Need to wait till the daily candle closes.
If u haven't already, now is a great time to start looking into #Solana
I expect the range till the end of the month. It's all about that redistribution.
$SOL H4
Yeah. Seems like #Solana price is held back from going any lower because of support in this area.
EMAs good here atm.
It's probably better if the price bounces back now and doesn't go back to that place.