yarowtea

9 day BTC chart finally releases pressure

yarowtea Updated   
BITFINEX:BTCUSD   Bitcoin
Finally! I was missing out on great longs from 30-40k because I was so afraid of the 9 day chart needing to come down a bit. What I drew with the green line may be very wrong, but if the majority of BTC are held for the long term I could see a slow drop for a bit and then back to the finite supply-high creation cost BTC price action. I didn't want to short it, no I was trying out some alt/btc pairs to keep up the trading. My personal take on this picture is that we ought to see a few weeks where BTC is highly unlikely to be going up much, gradual down pressure.
Comment:
I forgot to add my customary "unless elon pumps BTC" and that bit me hard. Anyway I guess that it will go up to 50k now
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