I see these ridiculous theories every day in the chat about how Bitcoin is going down to 20K or some such ridiculous low number. If you just look at the BASIC trend, how could you ever come to that conclusion unless you're riding the short bus (no pun intended)? You'd be FIRED if you were a weather forecaster, thats for SURE!
I think it’s going down for sure and don’t disagree with your TA but for some reason feel like we won’t see that extreme of a pullback. Seems like everyone and their mother are waiting for this mythical correction. Maybe we’ll see a TA breaking switcheroo rocket?
house_md74
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@moxtron, 33K+/- seems a lot more realistic for a correction. At this point, it seems BTC is oversold in the 4 hour macro. I juxtaposed DXY since it definitely seems to have an inverse correlation with BTC.