Bitcoin thoughts
Here is what I see, the Bulls and the Bears put up a big fight. It's still on.
For every uptrend, there is a downtrend and vice versa.
I see a cup and handle forming; I also see an inverse H&S might be forming; all those are bullish signs on a high time frame, and they take time to develop.
In the short term, we could see a few attempts (wicks) down to fill the CME gap between 8400-8500 region.
Also, it's been interesting to watch how bitcoin and the stock market and showing similarities, it could be fear all over every market that's causing huge sell off's, it could also mean BTC is now following a legacy trend. Everything is possible.
Trade Responsibly
KZ
For every uptrend, there is a downtrend and vice versa.
I see a cup and handle forming; I also see an inverse H&S might be forming; all those are bullish signs on a high time frame, and they take time to develop.
In the short term, we could see a few attempts (wicks) down to fill the CME gap between 8400-8500 region.
Also, it's been interesting to watch how bitcoin and the stock market and showing similarities, it could be fear all over every market that's causing huge sell off's, it could also mean BTC is now following a legacy trend. Everything is possible.
Trade Responsibly
KZ
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