BTCUSD usually breaks H&S upward but today im scared it wont.
I hope it will bounce over the trendline and become strong support otherwise we might turn into a bear market.
CME might have been playing a big role in this. Im pretty sure that a lot of smart traders and rich ppl heard about BTC long time ago and accumulated it maybe even till 8/10k$ as they knew CME futures was going to be launched.
They pumped BTC price all the way up to 19/20k$ right before the CME opening.
Then they opened a big ass short and started dumping their BTC.
easy money.
Lets see what future brings to us
However dont forget that new money will enter on january 2 as the exchanges reopen
I hope it will bounce over the trendline and become strong support otherwise we might turn into a bear market.
CME might have been playing a big role in this. Im pretty sure that a lot of smart traders and rich ppl heard about BTC long time ago and accumulated it maybe even till 8/10k$ as they knew CME futures was going to be launched.
They pumped BTC price all the way up to 19/20k$ right before the CME opening.
Then they opened a big ass short and started dumping their BTC.
easy money.
Lets see what future brings to us
However dont forget that new money will enter on january 2 as the exchanges reopen