You can see early today, west coast USA (or late Asia session) that after an extended period of pricing standoff (battle between bear/bull) that the bulls took over and burst the price up, violently. Obviously, many fingers were on the buy button, and took the plunge once they saw MACD signal upward movement. Everyone must have piled in, after this extended test of patience. It just shows what the demand cycle is for BTC right now. Traders still see a big future for it, however short term. I tend to look at environments where there are a lot of fervent buyers, which is evident here.
Burmese rope bridges (what I call this formation) means big danger and risk of fall-off. That stock/crypto could go either way. This market chose UP
Burmese rope bridges (what I call this formation) means big danger and risk of fall-off. That stock/crypto could go either way. This market chose UP