[BTC] Indecision Candle w/ Resistance... Wedging Into Dec 9th!
This should drop after being forced to break through runup trend by heavy overhead resistance. Should land around 12-13k range, lotta other crypto traders here thinkin the same.
I exited all of my position over a week around 19k average and just waiting for the next trend confirm to jump back in.
Will long if we do end up getting a clear break over 20k but seems unlikely this round.
TINA is dying too btw. Money flowing to Crypto and Gold while everyone is scared to long market peak.
Rising Gold will slowly crush both Crypto and Stocks. Deflating DXY will push Gold higher. Increasing DXY will push stocks lower.
Crypto will recover faster than stocks as people abandon an increasingly worthless Current Age Money (DXY) and move more into increasingly valuable Old World Money (Gold) and New World Money (Crypto).
I exited all of my position over a week around 19k average and just waiting for the next trend confirm to jump back in.
Will long if we do end up getting a clear break over 20k but seems unlikely this round.
TINA is dying too btw. Money flowing to Crypto and Gold while everyone is scared to long market peak.
Rising Gold will slowly crush both Crypto and Stocks. Deflating DXY will push Gold higher. Increasing DXY will push stocks lower.
Crypto will recover faster than stocks as people abandon an increasingly worthless Current Age Money (DXY) and move more into increasingly valuable Old World Money (Gold) and New World Money (Crypto).
Comment:
Here's a closeup...
Data analyst with a passion for best fit lines B)
