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chillingeffects
18 ינו׳ 2021 15:55

BITCOIN IS DED! (JK) ... Where to from here?  לונג

Bitcoin / TetherUSBinance

תיאור

Bitcoins insane rally has come to temporary pause. At this point, I don't believe we have reached a top and could well rally up to 50k, 52K, 80k, 100k+ . Trying to predict the top is moronic.

There are 2 other reasons that makes this particularly difficult to work out: The DXY is recovering, and could well send the crypto markets into a solid downtrend. On the other hand, a symmetrical triangle is a continuation pattern, and well... weve been bullish for months. Bulls and bears will fight it out, don't jump in blindly. Just follow the trend. For now, I atleast expect a retest of previous ATH before we go into a longer term correction if we;re unable to break it.
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CollegeofPips
Nice trading idea 💡
chillingeffects
@CollegeofPips, thanks bro
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