I think we have a clear signal here, the market is sideways dealing with break even sellers from the 2017 top, as well as CME short sellers trying to keep it DEAD below their original attempt to destroy $Bitcoin for good. Unfortunately for them, the world doesn't quite agree with their initial thesis and they might end up squeezed here.
Most traders have been selling or calling for a drop to 13 to 14k to buy back having sold lower. I think price won't please these investors who were antsy.
Sentiment still is that of a wall of worry, or impending doom in most chatrooms...
I'm long term bullish on $Bitcoin here, specially considering all Macro variables, provided we stay on course with the yield curve steepening over time, as the world goes back to 'normal', following the extreme damage caused by post COVID stimulus measures.
Hodl, buy the dip, add once we consolidate for long enough and keep an eye out for the next batch of $PYPL news regarding the rest of the world getting access to buying crypto from their platform.
Cheers,
Ivan Labrie.
Most traders have been selling or calling for a drop to 13 to 14k to buy back having sold lower. I think price won't please these investors who were antsy.
Sentiment still is that of a wall of worry, or impending doom in most chatrooms...
I'm long term bullish on $Bitcoin here, specially considering all Macro variables, provided we stay on course with the yield curve steepening over time, as the world goes back to 'normal', following the extreme damage caused by post COVID stimulus measures.
Hodl, buy the dip, add once we consolidate for long enough and keep an eye out for the next batch of $PYPL news regarding the rest of the world getting access to buying crypto from their platform.
Cheers,
Ivan Labrie.
Comment:
Triangle upside breakout traders rekt, the Saylor issuing debt news was a short term sell signal (3 day correction)
Seems to be largely sideways...We will need a lot of patience. If possible in such environment, I sell calls at the top of the range and sit on spot (liquidity sucks for $BTC though)
Triangle upside breakout traders rekt, the Saylor issuing debt news was a short term sell signal (3 day correction)
Seems to be largely sideways...We will need a lot of patience. If possible in such environment, I sell calls at the top of the range and sit on spot (liquidity sucks for $BTC though)
Comment:
I didn't update here but when we were close to breaking the ATH a trend signal triggered in the daily chart. Target #1 was 23200, which was hit, now aiming for close to 30k if it keeps going.
Comment:
Looks like a correction is starting.
Short term, expect the obvious triangle everyone was watching to break the trendline to the downside next...It already trapped the bullish triangle breakout buyers.