What The Heck Is Going On Bitcoin?
My goodness, fomo is real. But there is still no clear indication that the downtrend has been complete. The market can either break up or down at this point. The chances of bitcoin going to $3,000 are almost the same as bitcoin going to $30,000.
According to my charts I still believe we are in a down trend, we have strong bullish signals the way the market is going. We are getting oversold and over extended. IT seems to me that this type of bull trend cannot get propelled into a breakout by a short squeeze and markets don't reverse on short squeezes. The market needs full capitulation, not a double bottom and only then can we begin the ascend back up.
ITs so funny how all the positive news comes out as soon as there is a bit of positive price action. Everyone comes out of the woodwork's with their forks, and bullshit to get their shit coins rallying again (i'm talkign to you BCH). This market is highly manipulated and the smartest thing anyone can do is to hodl throughout all this nonsense.
AS a trader our job is to do wealth management, and I cant stress how important this is. Whatever you do dont chase price action. Wait patient and the prices will settle and give you new buying opportunities.
Good luck trading my friends!
According to my charts I still believe we are in a down trend, we have strong bullish signals the way the market is going. We are getting oversold and over extended. IT seems to me that this type of bull trend cannot get propelled into a breakout by a short squeeze and markets don't reverse on short squeezes. The market needs full capitulation, not a double bottom and only then can we begin the ascend back up.
ITs so funny how all the positive news comes out as soon as there is a bit of positive price action. Everyone comes out of the woodwork's with their forks, and bullshit to get their shit coins rallying again (i'm talkign to you BCH). This market is highly manipulated and the smartest thing anyone can do is to hodl throughout all this nonsense.
AS a trader our job is to do wealth management, and I cant stress how important this is. Whatever you do dont chase price action. Wait patient and the prices will settle and give you new buying opportunities.
Good luck trading my friends!
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