Suppoman has a lot of subscribers on YouTube and he keeps talking about the high 5800 level using the same TA that you are showing. I can't help but wonder if the TA will be a self-fulfilling prophecy. I hope that it doesn't and that we get through the US tax filing and the futures expiration on the 17th and 18th and make a big run up from there.
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Hi @cryptocoinkb, thanks for sharing your thoughts. Personally, I am not really a firm believer of TA being a self-fulfilling prophecy. I think TA is a means to help you understand how we got here, but beyond this, anything can happen (meaning the self-fulfilling prophecy can happen or it can also not happen). I do try to make my analysis in an objective manner solely from what the chart shows. Thanks for adding the points about US tax filing and futures expiration. They're a big help to understanding the fundamental landscape that we're in now with Bitcoin. All the best!