Bitcoin Correction Discussion
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Hope all your trading is going well
Trading is tough right now.. the dips are more shallow and direction does not always make sense.
Case in point, this morning's correction
IT WAS NOT DEEP ENOUGH
Reasons why the whales did not prevail... my theories:
Too much good news today
- Moderna Vaccine nearly approved
- Tesla about to be on Wall Street
- Endless news about institutional investors jumping in
- Their boasts of 400k BTC moonshot in 5 minutes (kidding, really 2 yrs)
- US Stimulus deal in Senate at zero hour
This means the insane retail bull investors.. like you and I... are fixated on UP UP UP
Yes, I think we will pass 25k.. but a pullback needs to happen now first
ETH??? Has no excuse not to run to $ 1000.
Even the Pro TA's on the best web sites, are scratching their heads.
I watched the fall in price closely
If the whales are involved.. they are using software with sparing coin amounts
It's like tickling the dragon of BTC price
Trading is tough right now.. the dips are more shallow and direction does not always make sense.
Case in point, this morning's correction
IT WAS NOT DEEP ENOUGH
Reasons why the whales did not prevail... my theories:
Too much good news today
- Moderna Vaccine nearly approved
- Tesla about to be on Wall Street
- Endless news about institutional investors jumping in
- Their boasts of 400k BTC moonshot in 5 minutes (kidding, really 2 yrs)
- US Stimulus deal in Senate at zero hour
This means the insane retail bull investors.. like you and I... are fixated on UP UP UP
Yes, I think we will pass 25k.. but a pullback needs to happen now first
ETH??? Has no excuse not to run to $ 1000.
Even the Pro TA's on the best web sites, are scratching their heads.
I watched the fall in price closely
If the whales are involved.. they are using software with sparing coin amounts
It's like tickling the dragon of BTC price
Nota
According to TA and indicators.. the science says we should break DOWNWARDbut the day's market action has lately been defying TA...
We could also suddenly go up again.
Either way, we are about to break out of this triangle.
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