It's amazing to see how TA consistently seem to be the driver for direction within the market. Always makes me wonder if price is the real impetus and driver for direction... If investors in the "know" are charting and buying and selling large positions relative to the charts, and then everyone else is following their signals, then understanding at least basic TA,...
Many people are afraid of Bitcoin's recent 35% correction, in my opinion it has been healthily retracing in order to build energy, and it is set to explode in the month ahead. The thing that many bitcoin haters and naysayer's forget is that as of now, bitcoin is the on and off-ramp for almost all currencies, dapp's and tokens... When the tide changes, bitcoin will...
Been watching this wedge foinalize this afternoon between magic shows and gifts with family, eating incredible food and it appears we ave a confirmation of a new trend! Let's go btc, tis the season!!
Could this next move determine the up or downtrend of Bitcoin price action in the near term? I believe we will end up continuing in the upward parabolic channel throughout the new year, bringing in massive and exciting gains for all who are on this train! ;)