High volume in the past has led to bear market. Full moon has passed. Generally reversion to the mean is the norm in a market. I see a lot of bullish talk recently on the forums.
Probably there will be a bearish announcement in the next few weeks of some kind. Going short for the medium term. But... keep some on hand eh, BTC still useful
I'm expecting the market to gap downwards on opening after the weekend. I feel there has been negative feelings over the weekend, especially today (Sunday) and also the date for tomorrow is close to a cycle point on the 20th. Unfortunately I didn't spot this until late friday and missed the trade.
Gaps usually close up but the cycle is quarterly to yearly scale...
Went short after seeing this bearish butterfly. It's messy since we're ignoring that left higher peak and also because it's off the pins.
I don't have much info regards drawing patterns off pins or what to make of that previous high.
TP - ~$650?
I've seen these patterns fail plenty of times. I don't expect it lower than $500