It seems highly likely now that we will see a major movement, potentially all the way down below the 50% on the fibonacci. M structure all the way up to 12 hour candles indicates that the movement is likely down. Trend-Based time zone and the upwards trading triangle is confirming that a large movement is likely to happen around 5AM Berlin time. An upwards trading triangle indicates bullish pressure, but with a bearish convergence and an M structure I doubt that will happen. No significant divergences at this time that I have seen.
The buy volume was exceptional during the unprecedented surge we have had now. This makes me think that the pump is not over, but that the pump we have seen so far has only been a beartrap or even a pre-pump of something much bigger. Trend based time zone indicates another major event around the 27th and next around the 2nd of August.
If we have a break of the all time high during the next big upturn, we can expect incredible hights. My bet is around $4600. If Segwit is experiencing major issues, we may see an unprecedented dump.
Exciting times indeed.
