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tchat
Nov 2, 2017 1:41 AM

Bearish Ichimoku indication on BTC daily chart Short

Bitcoin / U.S. dollarBitstamp

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See embedded chart notes

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By the way, I'm under no illusion that 5 actually represents the top -- I've been adjusting it for two days now & it's still on the move. It's a pretty crazy time.
Comments
hamora
Expert are saying the correction is coming since 6k, all the time.
I doubt there will be a big correction before it hits 10k.
Look what is happening for the past 3 hours.
Complete frenzy!
Even for bitcoin.
tchat
@hamora, You may very well be right -- there's no meaningful precedent for BTC. You can't compare its price action to any other stock, commodity, or currency. It's the wild west out there.
By the way, in case you hadn't noticed, BTC market dominance is now over 60% again.
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