Breaking from this box will determine next leg. I like to call the purple boxed "range zones". This pattern is fairly common with BTC on a bigger time frame
Daily hard close over few month consolidation period, Russia news, inflation, Russia billionaire's need to put that worthless ruble into something eh? Causing a mass psychological FOMO event to be inlay to initiate bull run 2.0, is quite a possibility here my friends
A few days ago we had a major breakdown from my purple range box, the two outcomes we see are either we re-enter it, or bounce down from it making a lower high. If the S&P decides to make a Powell V shape recovery, I think we can see Bitcoin come right past 40k again. Only time will tell
SPY daily fib levels holding very well. 4 hour as you can see a bullish divergence is forming, and 4hr bear volume is decreasing as bull volume is increasing. I'm expecting a reversal to the upside by Friday entering next week. Feel free to criticize or educate me on anything additional.
Sloppy double bottom, pennant inside the range box just for resistance points. Breaking out of this "box" entirely could send us flying in the direction in which it broke out. Buyers are in control as of now volume-wise. As of this time, it is rejecting a certain FIB level. All on a daily time frame. Time will only tell what will happen next, that's the fun part...
Downwards resistance is being tested as the new support now, with weekly bullish engulfing being formed. Bitcoin as I per say, "The music of the musical chair game for the entire crypto market". And the music is only getting louder
