So if past price patterns are any indication of future patterns, then BTC is going to sell off soon towards the $3000 level, within a variance of $300 give or take. Maybe we'll get a final pump before that to wash out the shorters. Perhaps that has already happened with last nights 1.5% gain, idk.
I'm not going to go into conspiratorial detail about what's about to transpire in the crypto market (because I'm lazy). But I will say that I pay close attention to several whales and they're getting out right now.
Do with that vague bit information what you will, if you're a holder then who cares? But if you're a trader you might want to consider that in your analysis.
IMO we need to retest the lows again in order for the market to establish a definitive floor in the price. Everyone was super bullish a week or two ago, now it's time to be fearful.
I'm not going to go into conspiratorial detail about what's about to transpire in the crypto market (because I'm lazy). But I will say that I pay close attention to several whales and they're getting out right now.
Do with that vague bit information what you will, if you're a holder then who cares? But if you're a trader you might want to consider that in your analysis.
IMO we need to retest the lows again in order for the market to establish a definitive floor in the price. Everyone was super bullish a week or two ago, now it's time to be fearful.
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It wasn't a hard dumpt to predict, $3000 here we come.