Bitcoin bulls are as euphoric as they could be days before halving. It is funny how even many of the veteran traders have turned a blind eye to the reality of "fakeouts" amid the recent bullishness in the recent. Most are posting targets of $14k and higher thinking BTC/USD is just going to skyrocket from here to begin a new bullish cycle.
Why? "It just broke out of the symmetrical triangle!". Do we really need to pretend that this is the first time it happened? My quarrel is not with the so called gurus and analysts posting such ideas. My concern is that a lot of their followers would be misled and they would end up buying the top only to see their investments slashed in half after the "halving". This is an attempt to introduce some sanity in the market. I will continue to post more of such ideas and hopefully protect most of you from making terrible mistakes.
Leave your thoughts and suggestions down below. If you liked the idea, please like and follow for more. Good luck with your trades! :')
Why? "It just broke out of the symmetrical triangle!". Do we really need to pretend that this is the first time it happened? My quarrel is not with the so called gurus and analysts posting such ideas. My concern is that a lot of their followers would be misled and they would end up buying the top only to see their investments slashed in half after the "halving". This is an attempt to introduce some sanity in the market. I will continue to post more of such ideas and hopefully protect most of you from making terrible mistakes.
Leave your thoughts and suggestions down below. If you liked the idea, please like and follow for more. Good luck with your trades! :')