BTC has always respected its trends religiously. I believe this was the final shakeout. It has to be or we will start a bear cycle. We can see it has respected the uptrend set earlier, and we only had long wicks touch it. If we switch to a line chart, we will see that we have open and closed, respecting previous top at 2415ish and still making higher lows despite everything. BTC has plenty of juice, I am suspecting we are just seeing impatience + hardfork fud. Without orchestrated drama, people do not have a reason to sell large quantities of BTC. I think shorts are sweating, being greedy and trying to close positions under 2k but the bulls have them pinned. If we approach 3k, we WILL go to 5k. We HAVE to.
Comment:
Comment:
Line chart for your viewing pleasure
Comment:
Also note in original chart, our daily stochrsi finishing its wind down with a strong crossover pointing up