what kind of decision?
1) capitulation? yeah possible only if it goes to 5.7-6k again.
2) new ATH ? possible but very unlikely to me.
3) a nice uptrend before printing a new low? still expecting this one!
my $12.7-14k target hasn't changed at all but here BTC needs to stay above the support ( blue trend line) since it's not good another $5.7-6k retest and too obvious. In April so many ppl expected the crash and who waited for $6k retest and $6.4k was the local bottom actually. same situation here where there are lots of people waiting $3/4k who waiting for $5.7-6k retest or who even think we'll see a new ATH but I actually expect we get this uptrend and after that we'll get a new low which is something few people expect and it may not necessary happen of course.
anyway also possible that $5.7-6k is a strong support again but three times has been tested .. enough times.. then I highly doubt it will act as such a fourth time.
1) capitulation? yeah possible only if it goes to 5.7-6k again.
2) new ATH ? possible but very unlikely to me.
3) a nice uptrend before printing a new low? still expecting this one!
my $12.7-14k target hasn't changed at all but here BTC needs to stay above the support ( blue trend line) since it's not good another $5.7-6k retest and too obvious. In April so many ppl expected the crash and who waited for $6k retest and $6.4k was the local bottom actually. same situation here where there are lots of people waiting $3/4k who waiting for $5.7-6k retest or who even think we'll see a new ATH but I actually expect we get this uptrend and after that we'll get a new low which is something few people expect and it may not necessary happen of course.
anyway also possible that $5.7-6k is a strong support again but three times has been tested .. enough times.. then I highly doubt it will act as such a fourth time.
i have been looking at this since weeks and pretty interesting..
same patterns more or less ( a sort of H&S continuation and a cup&handle)