The deeper BTC goes, the closer is the next bullrun. However, there are two possible variants that I can see. 1) The Blue One(Most Possible). BTC goes to 4900-5000 zone, where people open a lot of longs, expecting a breakout of the trendline. But it turns out to be fake, and we fall again to 3600-3850 zone. 2) The Red One(Alternative). BTC goes to the 4900-5000 zone, breaks it with high volume and the next TO THE MOON begins. P.s. the time will show, I am in LONG right now, expecting the test of the mentioned zone.
not likely to have volume while it is above 5000, no one was interesting buying them even at price of 4500, why bothers buy more above 5000? to me the blue one is likely
tim23a
⋅
@creedyincredible, exactly. I drew The Red as an alternative, 'cause that's Crypto and everything can happen. It all depends on the kind of move to the 4900-5000 zone, 'cause if there would be 1k spring that won't even notice 5k, everybody will start buying because the same had happened several times already.