Hope you saw my idea about the bullish scenario, if that plays out, great! But if we are in just in a correction.. From the alltime high we can see a 1-5 waves and then a-b correction, and now maby building wave c. If this is the case we might go down to 3000 or even 1300 Go back and look at the alltime highs from 2013. There was also a downtrend line that got broken to the up, and then just continued down. I wasn't around when this happened, so I would love if someone could comment on whats diffrent this time. Markets play the same setups again and again. I believe this scenario is a big possibility due to the fact that the tether printers are down and are not fueling all the pumps and the possibility that we already had a hyperwave 4. The Kim-chi Premium is gone, which would be a sign that Koreans are getting more cautious. Also we need new money in the market and I think people are not that confident in that btc will shoot up again
It's correct.
We will probably have some big bull trap at 13K (with slow and very weak stepping there), and then downtrend continuation, just to have everybody think it was uptrend.
Because who left to buy BTC?
I don't really know, only traders, and early-adopters, can play it out, and they can mostly sell this.
We will probably have some big bull trap at 13K (with slow and very weak stepping there), and then downtrend continuation, just to have everybody think it was uptrend.
Because who left to buy BTC?
I don't really know, only traders, and early-adopters, can play it out, and they can mostly sell this.