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Quick BITCOIN update using old Fractal chart - a small red June

100

Bitcoin appears to be taking a rest when it is strictly not required.
We are heading towards the 2nd dashed arrow, which as I pointed out months ago is a very possible and more realistic path for Bitcoin to take this cycle.
We have left the 2013 - 2017 Fractal and yet are likely to follow the idea of moving higher to a new ATH from this level off the Fractal.

PA entered that circle I drew back in Feb and is still in it right now, as we can see in the chart below
https://www.tradingview.com/x/iI6Cv1WQ/

We can also see how PA has bounced off the 50 SMA on this daily chart.
This does NOT guarantee a continued move higher but it may offer some levels of support.
Should this fail, we do have various levels of support down to around 94K

I will refer back to a previous post and mention that to some extents, I am expecting a RED June. This does not need to be a Big candle, just 1 usd less than the open price wil create that.
104648 was the open price, so, we can easily stay above 100K and create that red candle.

Why do we want a red candle..?
Because, to put it simply, statistically, we have a better chance of continued monthly Green candles after a red june this time
I will attach the chart below so you can read about this in more detail.

This may or may not be good for ALTS>.... but I do not have many now.....just my preference

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