BTC is waiting for a correction to the 30k to 33k. It is my opinion the market hit a stalemate late last night. The consensus changed, why? Past market data and the lack of history. There is no data at this level. So all we know is retrace here lies the problem. There are those who know the retrace well and there are many who do not thus the stalemate. So what happens next many are wondering pondering searching for answers. There are two options change consensus or retrace. I am here today to attempt to change consensus. Why? No one else has that`s why. Are you with me? Guess what? We are creating history right now. Either we retrace or go into the unknown. Climb the mountain continue to reach all time highs. This is very possible as we have all seen. There are no limits. I say we go into the great unknown. Climb the hill and concur it. Play on words you get it.
i think what makes different in the past history is 3. things: 1. now buyer institution > retail. if you see the position of grayscale, their 2nd funding now is in 36-38k position. while they have 3% btc in circulation right now, I dont think we can past below 35k too long 2. liquidity. even tho the demand is low in few days, the supply is low as well. 3. derivatif role are getting lesser impact compare to before, thanks to institution.
I'm not TA guys, sometimes I come here to see the retail sentiment. most of you guys use 2018 history which have totally different assumption compare to now. So yes, I think we still in bullish. and looking on 2sf cross asset model by PlanB, I think we still on track (he use stock, gold and silver over time as lying condition, I think its more fit than TA right now)
Bitpal
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Climb that hill and pump into history IMHO...no reference to the rumored 'Yankee coup" of course.
1. now buyer institution > retail. if you see the position of grayscale, their 2nd funding now is in 36-38k position. while they have 3% btc in circulation right now, I dont think we can past below 35k too long
2. liquidity. even tho the demand is low in few days, the supply is low as well.
3. derivatif role are getting lesser impact compare to before, thanks to institution.
I'm not TA guys, sometimes I come here to see the retail sentiment. most of you guys use 2018 history which have totally different assumption compare to now. So yes, I think we still in bullish. and looking on 2sf cross asset model by PlanB, I think we still on track (he use stock, gold and silver over time as lying condition, I think its more fit than TA right now)