A lot of new market forces. In addition to the new money and corporate players, the second round of CME gamblers could be seeing the crypto community vote with their money. Hosing the longs is a valid strategy for the hometeam Whales, especially given the oppositions depth of pocket. We should expect an extended slide, this should not be alarming, the sky is not falling. This is a much needed correction, and an opportunity for us to get back in on the ground floor.
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I still have BTC entering further correction at this point, and stick by my initial targets.
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unexpected sideways action, but I still expect a return to the long term supports indicated.
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This chart is starting to shape up nicely. Patience.
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patience, patience, patience. We are almost there.
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.....still a waiting game.
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The whole market is waiting for the long term trends to catch up to us, but we have decent support.....must....be....patient.
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.....I think we're finally here.....
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Just waiting for the next support, although, technically we are in the supply zone.