OrriginalCrypto on Nostr: #Bitcoin Daily PA Dropped out of range again and has since bounced back into range - ...

#Bitcoin Daily
PA Dropped out of range again and has since bounced back into range - But will this hold ?
Impossible to say but I am Bullish still and do belive that after the 18th, We will see a Big change. I am also going to leave this Range Box on the chart as I think we have crossed a turning point.
HOWEVER, there is also the possibility that we will not see a Major move till October if the MACRO environment is not "comfortable"
The MACD is getting Higher on the lower time frames, though it can range, the Daily is just turning Bullish on the Low and the weekly is still falling Bearish and will hit Neutral Next week, if it carries on its current course.
I have to say that despite me saying I am bullish, I do have a growing unease with how this is playing out. To many extents, RSI and MACD are similar to post March 2021 ( see 2md image) , which means the up coming bounce may not produce the desired results and yet, at the same time, I do feel we are following the Fractal from 2013 ->2017 ATH's, in which case, we are on the verge of Great gains. Also, look at the Histogram on the 2021 ATH retreat, it went way deeper than we have this time. That could poiint towards an ynder laying Bullish strength
Which way will it go ?
Time will tell us and On Chain data will help and I am about to catch up on that