After the recent BTCJPY selloff (We follow them, not vice verca), my faith in Bitcoin's current situation has not been helped.
Many people (who've probably brainwashed by reddit echo chambers, or have only been involved since the massive bullrun started as so take their limited experience as a constant) have faith we are already back on a new massive bullrun and will hit over 20k within weeks, and although I don't deny this is very possibly, but the opposite is also possible. Please use caution when trading this thing.
I see a pennant pattern forming and will make a short term trade based on the result. Patterns like this are not always predictable in a market conditions like this so use a responsible stop loss (10% for me).
If we are above blue after jan1st (I am anticipating a small dump before new years if we have gone up), I will start to feel much more bullish.
Many people (who've probably brainwashed by reddit echo chambers, or have only been involved since the massive bullrun started as so take their limited experience as a constant) have faith we are already back on a new massive bullrun and will hit over 20k within weeks, and although I don't deny this is very possibly, but the opposite is also possible. Please use caution when trading this thing.
I see a pennant pattern forming and will make a short term trade based on the result. Patterns like this are not always predictable in a market conditions like this so use a responsible stop loss (10% for me).
If we are above blue after jan1st (I am anticipating a small dump before new years if we have gone up), I will start to feel much more bullish.