It's true I didn't expect this ponzi pump scheme from all the tether FUD. I WAS WRONG. But this move exceeds all rational explanation. It disregards TA completely, so the answers now are NOT in the charts. Something else fundamental is going on. However looking at the TA we can see we hit the macro 23.6 fib retracement level. We are bearishly diverging, and we are overbought on the RSI, and MFI for over a month. This cookie looks like a INCREDIBLE sell. Too bad I already sold at around 5k (my break even for bitcoin 2018 bear market) Where we go from here? It always the manipulators to decide. But looking at the 8k recent swing high we got the basic 78.6 % retracement level coinciding with the 23.6 level. Maybe this is the top? I hope so, cuz I'm not interested in buying bitcoin at these levels. I bought my first bitcoin at 240 and this just looks like a greedy and scammy price to be asking a few years later.
Good luck to yall. I could use some.
Good luck to yall. I could use some.