Looks like a breakout. Is it?
Closing today will possibly tell.
The problem is that most altcoins have grown at least 50%, if not 100+% in a matter of days without correction. It's possible that profit-taking from alts will push bitcoin up, confirming the breakout.
The volume is still low, meaning participation is low. There aren't many sellers probably because very few actually bought the bottom. Most have held through the decline from 10k+. The same is true for all coins.
In this context, it's quite likely to see further gains, even though the market is overbought and a crash can be triggered at any moment. All depends on the market maker.
We can see clear support from market makers in the last few days, as every attempt on the support was pushed back by a straight up candle in the 1min time frame.
In theory, it could also crash from here on & break the 6k support. Every entry at this price is gamble.
I think there's no point in predicting the prices. Tossing a coin leads to better predictions.
Closing today will possibly tell.
The problem is that most altcoins have grown at least 50%, if not 100+% in a matter of days without correction. It's possible that profit-taking from alts will push bitcoin up, confirming the breakout.
The volume is still low, meaning participation is low. There aren't many sellers probably because very few actually bought the bottom. Most have held through the decline from 10k+. The same is true for all coins.
In this context, it's quite likely to see further gains, even though the market is overbought and a crash can be triggered at any moment. All depends on the market maker.
We can see clear support from market makers in the last few days, as every attempt on the support was pushed back by a straight up candle in the 1min time frame.
In theory, it could also crash from here on & break the 6k support. Every entry at this price is gamble.
I think there's no point in predicting the prices. Tossing a coin leads to better predictions.
Kommentar:
volume & pattern look extremely bullish. reminds me of November / December. Maybe another 1k before any correction
