This is a continuation of a previous idea return to mean, and long time has passed with market locked waiting for futures expiry. Time has come for big runs. There's a least two paths to 8K on bears favor and for bulls just an eventual return to the mean on the daily chart and the mean is not on 15K anymore. BTC just touched and eventual support and there is sideways anymore, it is mean or 8K. Choose your side and don't forget your trailing stop !
Yorum:
Volume is failing to pickup so far with market profile running a lot more sideways, swings taking double time for highs and lows. I just looked into the daily timeframe and the mean has changed from 15K to approximately 14.36K, our .786 Fibo usual target. Apart from this the market is almost the same with bears trying to breakdown a multi overlapping support to go 8k and bulls combating bears to engage a 5th wave to 14.36K and both looks equality probable and harmonic:
