Bitcoin seems to be running full steam ahead. Next stop $8200.
It will be a very interesting week to see if we can bounce off that support and then break out of this Bull wedge. If not, then we are possibly headed further down.
We hit the bottom at $7540 right on schedule... On the way back up... just need to break the top of the wedge for confirmation... the next 1-4 days will be intense :)
mmmp12
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That's until proven breakout. Full bear market mode in now, with 75% price reduction from ATH in sight.
DimTheLights
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@JA.piotr.bor, Nothing is certain when forecasting bitcoin... just reading what it looks like to me right now.
mmmp12
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@timmylivinalie, Sure. Just I don't see any strenght in it, we are on "bottoms", and still nobody buying
DimTheLights
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@JA.piotr.bor, Check your exchanges depth... Binance has a TONNE of fiat waiting for drop
ThomasCrown
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@timmylivinalie, Turning to game theory, wouldn't that be exactly what 'whales' would want? Cut the low, rekt shorts, and force smart money to buy back in higher.