Just breathe
$Bitcoin (BTC.CC)$ ignore all these moron fud peddlers. just because bitcoin did not god candle through 100k means nothing… it has been grinding along the top of an upward channel for a week. a rejection just allows it to grab some more liquidity bounce and move higher. the bottom of the channel is around 94 or 95k. we could go down to retest it or bounce anywhere between that and 97k. either way, we will be revisiting 100k in the near future. the dumbest people and undercover institutional shorts are often the loudest.
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I have no name : 94K - personally I think it is too positive. I would say 80K or below. We will see.
I have no name : And I think it will go down really quick, just like how fast it climbed from 68K to 98K, remember it was taking only 16 days Nov 6-Nov22.
djmiller OP : And it will ignore the confluence of all the fibonacci levels and trend lines and support zones along the way… I get it…. Just breathe :). The government will keep printing and the dollar will keep weakening vs BTC. The fundamentals are intact and the technicals look great! The waves are just noise… the overall direction has always been up….
djmiller OP I have no name : Joking aside if it does break to the downside it is entirely possible that you are correct. But we should trade what you see in front of us and it looks pretty damn good. A bit of hidden bearish Mac d divergence on daily but may just mean time to cool off for a bit. Doesn’t mean the sky is falling.
I have no name djmiller OP : You need to see how much was the net outflow for BTC recently. Institutions already flown away