$BTC- Call me Crazy!
Updated
I keep looking at my chart and kept seeing that.
That place
BTC is at right now is some sort of a slippery slope.
The cycle will still run but I believe it is going to come with strife.BTC will sweat it out from us before he gives the market what they are looking for. I am just thinking out aloud with all the possible worse case scenario. Until we make it above that slope and sit comfortably on top of that 50K slope, then i can allow my wild imagination rest.
BTC move from 34600 to 39k over night came like a thief, unexpected . No one was expecting that ! The Pros can't because every event about this market is based on speculations and FUD. Think about the shorts that get rekdt that night and ima-gine that if they had known, they would have long their trade. And most of the are professional traders.
So I think we should able to apply the same speculations the other way round. This market is high risk and unpredictable.
I hope i am wrong in the end because my fragile heart can't takeBTC heartbreak anymore ...LOL!
That place
BTC is at right now is some sort of a slippery slope.The cycle will still run but I believe it is going to come with strife.
BTC will sweat it out from us before he gives the market what they are looking for. I am just thinking out aloud with all the possible worse case scenario. Until we make it above that slope and sit comfortably on top of that 50K slope, then i can allow my wild imagination rest. BTC move from 34600 to 39k over night came like a thief, unexpected . No one was expecting that ! The Pros can't because every event about this market is based on speculations and FUD. Think about the shorts that get rekdt that night and ima-gine that if they had known, they would have long their trade. And most of the are professional traders.So I think we should able to apply the same speculations the other way round. This market is high risk and unpredictable.
I hope i am wrong in the end because my fragile heart can't take
BTC heartbreak anymore ...LOL!Comment
Simple Fact. If BTC crosses over the 100 moving average and head towards the 200 moving average, then 50K BTC is near. Right now, he is just latching unto it. If you check the lower Tfs,BTC has crossed and came down again and on and on it goes the past 2 days just in an attempt to climb the 100 MA on the Daily TF. It is like a rat race. And of course we are bullish on the bigger Tfs, Vol is there but Not super bullish and not enough yet to get back above that death cross encountered the 19th of May.So be watching those MAs on the daily TF.
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