I'm overall confident that we are still in a bull run but we have to be aware of some signs that indicate we might go down a bit. Last week I was expecting the price to go around $24k before seeing a correction but the immediate setup might implies otherwise.
We could be forming a symmetrical triangle: On the daily we got an lower high and on the RSI we're definitely out of the overbought range.
In my Opinion BTC is now consolidating a bit, gaining more strength to finally breach the ATH significantly.
BUT
The 20 days EMA at ~$18200 is still a big support here and if we hold it, it's very likely we will directly go high.
I'm not an expert! This is just my personal opinion. Nobody needs to approve or like this idea and most importantly, believing this blindly as financial advise.
Suggestions, tips and helpful comments are welcome!
We could be forming a symmetrical triangle: On the daily we got an lower high and on the RSI we're definitely out of the overbought range.
In my Opinion BTC is now consolidating a bit, gaining more strength to finally breach the ATH significantly.
BUT
The 20 days EMA at ~$18200 is still a big support here and if we hold it, it's very likely we will directly go high.
I'm not an expert! This is just my personal opinion. Nobody needs to approve or like this idea and most importantly, believing this blindly as financial advise.
Suggestions, tips and helpful comments are welcome!