LaszloCryptoTrader

BTCUSD are you for real or just teasing again?

BINANCE:BTCUSDT   Bitcoin / TetherUS
BINANCE:BTCUSDT


I think BTC might pump to a max 9700 before nosediving. I find too many good news on the media discomforting. Every time there were this many good news (vaccine, EU deal, Feds) there was a pump, followed by a massive dump. The August Recess is upon us. Trump goes to play golf with his buddies. Institutional investors can easily manipulate media. I'd be cautious getting in this pump.

The weekly charts are not convincing either. We might have broken out of the wedge on the daily, but we are still in the wedge on the weekly. It can't hold much longer though.
Snapshot of weekly:
It's safer to keep your money in EUR instead of USD (or any stable coin attached to it) FX:EURUSD to make sure you get the most bang for your money when it will be smart to make a move
Comment: I stand corrected. BTC pumped past my prediction. Next hurdle will be $10500. Let's see what the king does.
Comment: 11400 so far. Wow. 300 million in shorts liquidated globally. All hail the king.

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