This may be a possibility, stil going forward on the Inverse Head and Shoulders ( Yes it may be ugly but the clear resistance zone of 10K is clear[ BCT chart] , taking that zone as the base would explain it. )
Also both moving averages the 20 and 50 are forming a "bull cross" they've lead in the past to sell offs, and we haven't seen a major sellof from the halving yet.
Putting us back to the 200 DMA and getting supported would allow us to break the triangle we're in due to Bull's having gained a lot of power ( pattern ).
Everyone is bullish so why wouldn't whales profit from that with going back there.
Not financial advise do your own research. This is just something I would see happening my own opinion.
Also both moving averages the 20 and 50 are forming a "bull cross" they've lead in the past to sell offs, and we haven't seen a major sellof from the halving yet.
Putting us back to the 200 DMA and getting supported would allow us to break the triangle we're in due to Bull's having gained a lot of power ( pattern ).
Everyone is bullish so why wouldn't whales profit from that with going back there.
Not financial advise do your own research. This is just something I would see happening my own opinion.
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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.