This is Bithumb BTC KRW.
Looks like a massive monthly bear flag
that wants another 50% loss.
But if you zoom into the daily,
and look at the monthly volume candle,
just the last few days doubled all
that volume from the month before.
This is due to Bithumb secretly making
a fiat onramp partnership with NongHyup Bank.
Watching closely to see if we reverse...
Propy is a, no, the only blockchain that has successfully shortened the time to buy real estate from 2 weeks to 2 days. Since the USA has begun to accept blockchain records as legally admissible documents this year, you can pay for a house with bitcoin and cut out the bank. Yep. You can cut out the bank. They aren't going to like that. Anyhow, we're long on this...
With Ethereum being officially cleared from being a security comes the unspoken other shoe that many other coins with corporate backing and governance are securities. If that happens across top 100 marketcap coins, exchanges like Binance will not be able to serve USA or Canadian or many European clients. That will choke off volume rapidly until institutional money...
We keep making head and shoulders. Asia has already given up on bitcoin. They broke support a while ago and we are not returning to support. It's only a matter of time before western exchanges follow. bitcoin-fund-manager.com
PS. the right shoulder is larger than the left. So we likely won't hit the lowest fib target. So we might end up closer to $8800. But this...