Disclaimer:
- Never bought bitcoin or shitcoins in my life
- My personal long term outlook is negative - my assumption is BTC and others were created to mop up excess liquidity and also divert funds from real GOLD while smart money accumulate physical GOLD. Governments will never allow a "free" "decentralized" "power to the people" "digital gold" currency to exist. All those terms are also very endearing and marketable to retail investors. You know what happens when retail investors fall in love with something. Smart money rips their hearts out (and their pocket/wallet) -- also note the long term rising wedge formation
However, I analyze BTC as it seems to be an early indicator of the overall stock market.
Good luck, trade well, but don't fall in love with BTC.
- Never bought bitcoin or shitcoins in my life
- My personal long term outlook is negative - my assumption is BTC and others were created to mop up excess liquidity and also divert funds from real GOLD while smart money accumulate physical GOLD. Governments will never allow a "free" "decentralized" "power to the people" "digital gold" currency to exist. All those terms are also very endearing and marketable to retail investors. You know what happens when retail investors fall in love with something. Smart money rips their hearts out (and their pocket/wallet) -- also note the long term rising wedge formation
However, I analyze BTC as it seems to be an early indicator of the overall stock market.
Good luck, trade well, but don't fall in love with BTC.
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Target for Bullish Case: Almost 100k
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This week is the important week. Show your hand smart money.