I can't quite buy into the skewed H&S breakdown, but see old-man BTC's need for a breather. A pitstop low enough to allow for a repeat of the last pattern would allow for a steady path to 7200 with some reliable volatility for short-term traders. I don't want to jinx hodlers, but I can't help but hope for the return to the 4600 neighborhood.
If the order books havn't met the big holders' criterias yet we just have to wait until enough little fish go for the short-term long bait. In my humble opinion.... Thanks for sharing!
tchat
⋅
@Benjamix, This makes sense. We'll see increasing institutional influence in crypto, too, but I think as the world comes online to the market the small fish will gain influence. I suppose we're still a couple of years out, but so long as we're focused on positioning ourselves as intelligently as possible, we should benefit from the influx of global capital. That's what it's about to me, more than making a quick buck. Thanks for the comment.
JohnnyJi
⋅
Excellent. I share the same view.
tchat
⋅
@JohnnyJi, Thank you! I was pretty sure I was going to hear crickets on this one. I was beginning to doubt it myself, but the Ichimoku cloud trajectory is starting to support the possibility.