Hello,
As pointed out in my chart, during the last bull run we wicked down to the blue EMA or at least very close to it, every time we were extended above the white and in a consolidation phase.
There's really no reason to believe we won't this time.
It is fairly obvious we will go lower now, whether it be to $8300 or $7500, but I don't believe it will be much lower than that.
Expect this to happen within the next few days, be prepared to buy the dip if possible, because we aren't going anywhere but up after that.
Make no mistake, with the fundamentals greater than ever for BTC, and traditional investing platforms rolling out exposure, this is the market to be in.
If we dip, it will just be fuel to get to higher highs.
The lows are in for the year, people wanting BTC to head back down, sorry that party is over.
- CA$HLESS
As pointed out in my chart, during the last bull run we wicked down to the blue EMA or at least very close to it, every time we were extended above the white and in a consolidation phase.
There's really no reason to believe we won't this time.
It is fairly obvious we will go lower now, whether it be to $8300 or $7500, but I don't believe it will be much lower than that.
Expect this to happen within the next few days, be prepared to buy the dip if possible, because we aren't going anywhere but up after that.
Make no mistake, with the fundamentals greater than ever for BTC, and traditional investing platforms rolling out exposure, this is the market to be in.
If we dip, it will just be fuel to get to higher highs.
The lows are in for the year, people wanting BTC to head back down, sorry that party is over.
- CA$HLESS