Too Bearish for some, but this may be the healthiest thing for BTC. This market has been unregulated since it's inception. As such, it has
attracted a TON of manipulation. Wave walls in the order books, Market Makers doing their tricks, etc. This run up to $20,000, and back down was ONLY the RETAIL boom. But guess what. There's $20 TRILLION in capital just sitting on the sidelines, waiting to get in. This price drop may just be the manipulators leaving , because they know the Sheriff (C.F.T.C) is coming to town. There's a YouTube channel called
Mr_Kristof and he put together a 16:24 video on June 13th. It's called " BTC bloodbath is the beginning of $20 TRILLION coming into the market!" Kristof basically talks about Goldman Sachs setting up a Crypto trading desk, Susquehanna coming in, REALLY big money. They are not in yet, not in any real size, because you can't put other people's retirement money into an unregulated market. Check out Mr_Kristov's
YouTube video and let me know what you think in the comment section below.
Added Note, that pink moving average on the chart that lines up with the 1.618 extension is a 200 day, not a 128 day like the chart says. The blue 128 day is trying to rise to meet the 1.272 extension. I color coordinated it for eaase.
attracted a TON of manipulation. Wave walls in the order books, Market Makers doing their tricks, etc. This run up to $20,000, and back down was ONLY the RETAIL boom. But guess what. There's $20 TRILLION in capital just sitting on the sidelines, waiting to get in. This price drop may just be the manipulators leaving , because they know the Sheriff (C.F.T.C) is coming to town. There's a YouTube channel called
Mr_Kristof and he put together a 16:24 video on June 13th. It's called " BTC bloodbath is the beginning of $20 TRILLION coming into the market!" Kristof basically talks about Goldman Sachs setting up a Crypto trading desk, Susquehanna coming in, REALLY big money. They are not in yet, not in any real size, because you can't put other people's retirement money into an unregulated market. Check out Mr_Kristov's
YouTube video and let me know what you think in the comment section below.
Added Note, that pink moving average on the chart that lines up with the 1.618 extension is a 200 day, not a 128 day like the chart says. The blue 128 day is trying to rise to meet the 1.272 extension. I color coordinated it for eaase.