I think bitcoin is mid-term to long-term bearish (due to this great big rising broadening wedge that it's in), and I think that as long as it stays within this pattern it is still over extended and is due for a more serious correction.
Where will it fall from? Nobody knows. It can fall from here just as much as it can go all the way up to 20k by September and only crash then, but as long as it's in this pattern I'm going to say that this crazy rise is not sustainable, and I cannot bring myself to buy anymore bitcoin. also I'm still holding almost half of my short from 13.6k, because I believe (or I hope) that this bearish breakdown will come sooner rather than later, so bitcoin could have an actual real correction, and only then start going up in a way that is nice, healthy and happy for everyone.
Do you agree? what are your thoughts?
Where will it fall from? Nobody knows. It can fall from here just as much as it can go all the way up to 20k by September and only crash then, but as long as it's in this pattern I'm going to say that this crazy rise is not sustainable, and I cannot bring myself to buy anymore bitcoin. also I'm still holding almost half of my short from 13.6k, because I believe (or I hope) that this bearish breakdown will come sooner rather than later, so bitcoin could have an actual real correction, and only then start going up in a way that is nice, healthy and happy for everyone.
Do you agree? what are your thoughts?