BTC the calm before the storm

BTC the calm before the storm

Hello everyone,
It has been a couple of days since my last post. For those of you that followed my post, you caught BTC at 59, and now you are sitting on a bag of profit. I won’t dwell on details in this chart. However, as you can appreciate, BTC has formed a niche CUP n HANDLE continuation pattern that should project us on the 78-80 k region. I see a possible retracement at that area following the multiple EW waves: Primary, Intermediate and Minor before to head at 130k…there is here the real trouble will start. There will be a strong pullback, 25-30%, before pushing the last thrust to the top at 185k.
Signs of a continuation here:
Volume climax at 59k
Volume increasing on support with bulls stepping in
– Multiple price patterns with Primary being Bullish Pennant
– Weekly close above all-time high
Bullish cross in oversold position in the Stoch RSI (12h and Daily)
Bullish cross on the KST daily and weekly and bullish cross above 12MA (most important sign)

ATH are particularly emotional for both sides, Bulls and Bears.
Bulls are scared that the resistance is too strong, and bears may step in
Bears are scared that Bulls are stepping in and pulling new ATH

However, TA and on-chain analysis in the case of BITCOIN can give you a clear picture.
Supply is at its lowest level ever. Retail FOMO has not started yet (Media news), leverage is backing up the bullish momentum, inflation and expansionary money policy continue (more overleverage position and newly printed money flowing in). Long Term Holder not moving coins (minute portion).

THE CALM BEFORE THE STORM!
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