Consolidation time?
Nice pump over the last couple of days, which provided a big leg up from previous sideways movement at just under 60k.
Does that previous consolidation demonstrate the market is slightly more considered and patient during this bull run? I anticipate another period of consolidation between $62.5 and $64.5 before the next leg up to around the 70k mark.
Personally, I will look for some small short scalps between the key areas of support and resistance, but ultimately remain highly bullish. The Pi-cycle has predicated a top, but I don't see it (unless a local top to be superseded later in the year). MVRV-z and Stock to Flow suggest this run has a long way to go.
Does that previous consolidation demonstrate the market is slightly more considered and patient during this bull run? I anticipate another period of consolidation between $62.5 and $64.5 before the next leg up to around the 70k mark.
Personally, I will look for some small short scalps between the key areas of support and resistance, but ultimately remain highly bullish. The Pi-cycle has predicated a top, but I don't see it (unless a local top to be superseded later in the year). MVRV-z and Stock to Flow suggest this run has a long way to go.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.