However, if we see extended consolidation up here in this range below but near the ATH 2.59% , it shows weakness in sellers. Similar to December 2012, September 2013 and March\April\May 2016. It could spend many weeks there if it is a resolution before breaking out.
Time will tell what the resolution is, but this will be a big one boys.
Continuing my usual trend of generating ideas where it can go either up, or down, so I can always look back in hindsight and say I was right :). Cheers all
Really extended right now, we'll see where this blows off at.
Only a 18% pullback in the scheme of things, this market is incredible. The volatility is amazing.
Wanna buy the dip? Trend is your friend until Margin call.
Current price 2350
I was right. There. Ego. Go.
I have 2 questions id like your opinion on....
1- Did the PBOC decision delay/pause the 235cycle (in years gone by this would of tanked the price 100s of $) ??
2- A BTC ETF is inevitable its almost a prisoners dilema for USA/others now as its be the first or watch someone else take over? agree/disagree opinion
1) In hingsight, the ETF delayed the local top up there. I don't think pboc had much to do with it. Was a mostly isolated incident (unless you were on quarterlies lol)
2) The US is what matters though, so many people in america. I think Europe is the only other major competitor where a product like that would have a big impact.