Weekly BTC Sentiment

in LeoFinance2 years ago

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  • The start of the last week has started with a rollecoaster up to 59k, followed by a expected drop down to 53.3k; sentiment changed from normal to very fearful, and is currently recovering to "just" fearful

  • We have to be aware that the 60-61k region still is a strong resistance

  • We still expect another correction down before we have a trend reversal, because there still is liquidity hidden in the 48-51k region, confirming a double bottom pattern on the bigger timeframes

  • Incase you missed to fill your spot bag before thanksgiving, you might get another change in the coming weeks

We still see the chance of a dump back to the 48-52k region higher than a pump breaking the 61k resistance

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