Good morning fellow Sloths. Anyone looking to enter or top up.. get ready! It looks like a bearish pattern is in final stages of playing out on hourly time frame - Head and Shoulders this is one of the more reliable patterns. If this plays out it will take us below presale prices. This ties in with what we would expect to align with SLOTH Monday HTX launch and what one would expect from the lead up and announcement - classic “buy the rumour- sell the news” reaction. Whales 🐳 gonna want to push prices down before Monday. Nothing guaranteed- but this is all potentially lining up to be a spectacular confluence of events. Bitcoin has been trading within a range 60k - 66k for months with deviations here and there. Bulls seem strong at the moment - if BTC breaks above this range authoritatively with a weekly close above 67.5K this is likely to pave the way for next leg up and a new ATH. This will generate bullish sentiment throughout the market and result in some big moves amongst the alts. So if the planets align Monday could be a great day for the SLOTH brethren and sisters! On the other hand, a rejection from BTC could mean we’re back to range trading 🤞This is just my view of a possible scenario. Stay strong and think of this as a buying opportunity if it plays out!
No comments:
Post a Comment