(the range from 106-104k will hold on probably until NY opens) no much move expected this is just indicating the bulls are exhausting their strength. well let's see
Tether USD / Bitcoin forum
(the range from 106-104k will hold on probably until NY opens) no much move expected this is just indicating the bulls are exhausting their strength. well let's see



this is going to the top of the channel if we get a macd crossover, 111k-110K, if you are still bearish if this does happens GGS you will be crushed.

If we look at daily, as we know we're trading in a range. From the May 22 top to the June 5 bottom looks like a 5 sub-wave move A wave, followed by a quick ABC move to the upper trend line by June 9, which COULD be a sub-wave A (orange) of an extended B wave (cyan).
The 98k low hitting the bottom of our channel COULD be a sub-wave B (orange of the extended B wave (cyan) OR it could also be the completed ABC correction from the 112k top.
IMO we'll need to see where this current pump heads to - is it a 5 wave impulse, followed by a correction to the yellow box (102.8k to 103.9k) or just the 5 wave diagonal of the orange sub-wave C, to be followed with a more extended 5 wave move (c wave in cyan) to the green box area?
If we push through the yellow box, I'd say 93-95k incoming before the last final rally to 135k for the cycle...
