BTC M Pattern? and bull trap, a lot of shorts were liquidated, and its turn to liquidate longs.
what do you thing?
i think bears have advantage to open new shorts and push btc down,
i have noticed for last week its the margin(futures) that push the market up or down.
before when a rise or fall happens it was spot price in front and margin price was lagging behind, and now most of the time its other way round when action happens.
invest carefuly in order not to get stuck at high price, bad future is not finished yet for btc, its going to be bad until governments implement rules on crypto, and prices will corrected them self and volatility will go down, until then its just short time speculations
might be wrong, but we will see what happens
not financial advice
what do you thing?
i think bears have advantage to open new shorts and push btc down,
i have noticed for last week its the margin(futures) that push the market up or down.
before when a rise or fall happens it was spot price in front and margin price was lagging behind, and now most of the time its other way round when action happens.
invest carefuly in order not to get stuck at high price, bad future is not finished yet for btc, its going to be bad until governments implement rules on crypto, and prices will corrected them self and volatility will go down, until then its just short time speculations
might be wrong, but we will see what happens
not financial advice
Comment:
same thing happened when it went to 42400, and correction started, this corection could happen untill 40k not sure if it can go lower this time
people must be taking profits and waiting for the dip