Maintaining this on a closing basis for JUNE & JULY
is essential to ensure we haven't prematurely topped out
we did have some topping signals
namely the #bitcoin ETF approval and going live
and Andrew Tate destroying the #Solana network :)
It would not be entirely disastrous in BTC ends the calendar year around 50k but it would actually give fuel for a full 4 year cycle
I am still leaning into this being a Bear Trap
And a MASSIVE #Altcoin shakeout.
and the #MTGOX distribution not having much effect
(remember they got hacked for 700,000 coins and only have 140k to reimburse )
is essential to ensure we haven't prematurely topped out
we did have some topping signals
namely the #bitcoin ETF approval and going live
and Andrew Tate destroying the #Solana network :)
It would not be entirely disastrous in BTC ends the calendar year around 50k but it would actually give fuel for a full 4 year cycle
I am still leaning into this being a Bear Trap
And a MASSIVE #Altcoin shakeout.
and the #MTGOX distribution not having much effect
(remember they got hacked for 700,000 coins and only have 140k to reimburse )
Note
RSI daily below 30
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.