Fiat data shows again a new increase trend on volume, what means this for bitcoin next time? As usdt and more fiat assets shows new grow, expecting that we can see this on the chart next time.
The days trading still expecting 17K - 16K ---> long term target 16K , and even 14K possible. But we know bitcoin not go directly always, BTC go in lines, and as traders we should take that lines.
Bitcoin now above 18K, and for some is this maybe the reason to go up trend - i can understand why. but depending on fiat data, i am still expecting more breakdown trend.
Do always your own study. bitcoin is not only for down trade to trade, but we should check all 2 zones. Checking bitcoin only above 18680 for possible up trend rage -- but still risk for rejection.
What means this all .. Dont take to much risk, and trade safe. Bitcoin go in lines, and fully picture are breakdown trend.
Thanks for reading this info above, and i have a great day all (:
keep dreaming, u will get frontrunned....wont fall below 17.6ish short term.....eventually we will c a 20k retest on todays bullish divergence set up...mark my words..I wouldn't short this now here
NaturalPatterns
⋅
great post.
regarding your idea of the 2010-2011 buyers, very interesting ! I can add to it, a very small sentiment observation: I have some friends who got into crypto in 2017 : They all sold now ! They all sold with a break-even, and are protecting themselves and is done with crypto.. Not exactly smart money, but they are also sellers !