Until the next bitcoin fork, theres no real fundamental reason to stay on the buy side of this market, and technically its still at euphoric highs,
Quarterly:
- As you can see were still extremely high in the price range and theres plenty of space between where we currently are and the mean.
Monthly:
- From this timeframe you can see the market is beginning to see a change in bias, the last high was nothing spectacular and now we have broken back well within the range for the last 3 months.
Weekly:
- From this perspective you can tell price is starting to close outside of the parallel channel.
Daily:
- Buyers failed to test the top of the range and the broken trend line from the previous breakout low.
Quarterly:
- As you can see were still extremely high in the price range and theres plenty of space between where we currently are and the mean.
Monthly:
- From this timeframe you can see the market is beginning to see a change in bias, the last high was nothing spectacular and now we have broken back well within the range for the last 3 months.
Weekly:
- From this perspective you can tell price is starting to close outside of the parallel channel.
Daily:
- Buyers failed to test the top of the range and the broken trend line from the previous breakout low.