Usually in this stage of a downtrend drops are around 50%.
I think BTC is getting close to breaking now and the first big move down target is around 17K.
BTC bulls have gotten more and more aggressive over the recent days while price has done nothing. Always something to watch for.
Also, I see a lot of people outright proclaiming "BTC is going higher and if you do not think so, you do not know what you're doing".
I feel we maybe are a point where someone does not know what they're doing.
But only time will tell which side.
Adding shorts now.
BTC bulls have gotten more and more aggressive over the recent days while price has done nothing. Always something to watch for.
Also, I see a lot of people outright proclaiming "BTC is going higher and if you do not think so, you do not know what you're doing".
I feel we maybe are a point where someone does not know what they're doing.
But only time will tell which side.
Adding shorts now.
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