DivXMaN2022-05-20

Bitcoin at a Critical Decision Point! Volatility may be coming.. very soon!

Right now Bitcoin is creating a pattern indicating volatility is around the corner. We see a continuation pattern on the 4hr chart that's reaching it's apex! This decision point will determine whether we see a continuation of the micro (2 week) trend to the upside, or the macro (6 month) trend to the downside. The upside target is 34K if we see a breakout from this pattern, while the downside target is 25.5K. Like I said, pretty important! Note that the price could set a higher high or lower low then go right back into a continuation pattern - essentially extending the triangle. For now, that is the best case scenario to continue accumulation and avoid further downside. It's also the most likely scenario in my eyes. Personally I'm still accumulating like a monster at these prices and have orders all the way down to 22K just in case we see a large liquidity sell off triggering immense long liquidations and a wick to the downside. Let me know how you think this will play out!