This chart here shows the most impressive rising wedge around. I think we have come a fair way up from the misery of low 3ks. Can we go higher ? Yes absolutely. However it is not the type of PA i like to buy into. We can break upwards but i'm suspicious it would go up forever like this. Dumb money is what we need here. I sure smart money already bought in. I have the impression it will pop out, fake out and go way down. For the moment i'm mostly out of BTC holding a small amount after taking some out of the table.
If it does go way higher. I'll be happy to watch it go and deal with it later. What goes up must come down and it is just the way it is. Bitcoin can drop hard and show how volatile it is.
If it does go way higher. I'll be happy to watch it go and deal with it later. What goes up must come down and it is just the way it is. Bitcoin can drop hard and show how volatile it is.