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š What's amazing about crypto is how quickly everything can change.
Just on Saturday morning, after the unclear close of the Friday daily candle, a mature double top was forming on the weekly timeframe with targets around $50,000 at best. #Bitcoin
The "It's over" vibes were strong, with thoughts of a full-fledged bear market. Everything seemed grim. #BearMarket
On Sunday, news of another batch of SEC remarks on the ETH ETF with a deadline of July 7 emerged, meaning the launch is postponed. Not great for already struggling alts.
Plus, the potential Mt. Gox distribution in July added to the full set of troubles. #MtGox
š And then BTC suddenly makes progress with a $2000 move on the daily Sunday candle (on a weekend!), pulling in the weekly bar. The technical picture becomes much more interesting. #CryptoTrading
šŖ Therefore, I think we are in for another move towards $70,000. And then we'll see. Just in case, I drew arrows to later refer to this post and say, "I told you so." #Bitcoin #Crypto 0 reply
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