Ok guys and gals, I don't mean to be the party pooper but this just doesn't appear right to me, Yes so BTC is on the up and performing great over the previous months. I just don't believe we are ready for any bull run yet and cant see the driving force behind this move to the upside.
I want a bull run just as much as the next investor but I would like to see some positive news or investment to drive the market other than yes we have moved to the upside and its bull season. Considering this is the wild west of investing with very little, if any regulation, then I am not believing we are ready for a bull run yet, certainly not based on a small move up based on manipulation.
I believe 6000 will be re tested soon and then over the next two months 5000 will be tested before falling back to 4400 region, what happens then could be critical, we still have very low zones not previously tested and this is where I believe the big players will want to invest.
Don't get me wrong, if I am wrong I make money, my investments all go up and I take profits, fantastic. But I can not get bullish on market movement based on manipulation and Tether being thrown about the crypto space. The next few months will be interesting.
Prepare for all outcomes.
I want a bull run just as much as the next investor but I would like to see some positive news or investment to drive the market other than yes we have moved to the upside and its bull season. Considering this is the wild west of investing with very little, if any regulation, then I am not believing we are ready for a bull run yet, certainly not based on a small move up based on manipulation.
I believe 6000 will be re tested soon and then over the next two months 5000 will be tested before falling back to 4400 region, what happens then could be critical, we still have very low zones not previously tested and this is where I believe the big players will want to invest.
Don't get me wrong, if I am wrong I make money, my investments all go up and I take profits, fantastic. But I can not get bullish on market movement based on manipulation and Tether being thrown about the crypto space. The next few months will be interesting.
Prepare for all outcomes.
Trade active:
Despite the huge jump to the $14k region, my outlook stays the same, there is nothing with any stability driving the market, $6k and $5k are still my targets. A drop lower wouldnt be a shock but i feel time is running out for the BTC manipulation, once crypto takes off BTC will have to become less volatile if its only real use case as a store of value is to become a reality.
2020 will be the year of adoption for crypto, all of the work that is happening in the background is crazy, huge companies world wide, governments, banks, they are all building for the future.
2020 will be the year of adoption for crypto, all of the work that is happening in the background is crazy, huge companies world wide, governments, banks, they are all building for the future.