Looks like the margin-call mudslide is flowing. Might be in the $30Ks this week!
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Sentiment tracker (2021) 2 replies
DislikedThe bubble has officially popped! It's pain for those caught in the slide, but holy cow did we need that to dissipate the hype. Way better to pop today than in six months. It's a new dawn for crypto.Ignored
DislikedI'm seeing a reset market. A new dawn. BTC should act more like a proper commodity now. It's no longer a spring chicken flying on hype. It now has reliable wave structure, smart money, and real analysts. In other words, BTC is now in the grips of reality. I have one prediction: June volatility will be the lowest of 2021. And one feeling: this $30K-$40K channel is the new battlefield... {image}Ignored
DislikedBitcoin's correction was right about at 50%. It might have found a bottom. Weekly Chart {image} Monthly Chart{image}Ignored
DislikedWithin BTC's trading range, on the 4H chart, some support is forming around 36700. While that holds, a break above 42K would not surprise. However if 36700 breaks, a test of the lower end of the larger range would be likely. {image}Ignored