BTC - Trend reversal? - Maybe the end of this parabolic move
Hello guys,
I wanted to share my idea about the future of the crypto market.
We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges.
There is a wisdom in trading: Volume never lies!
This not means it is over at all, but for this trend, we have a reversal.
It is time to take profit and enjoy life.
Have a good time.
Some facts about climax (source investopedia):
-A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements.
-Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms.
-Essentially, climaxes are a result of supply and demand factors.
I wanted to share my idea about the future of the crypto market.
We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges.
There is a wisdom in trading: Volume never lies!
This not means it is over at all, but for this trend, we have a reversal.
It is time to take profit and enjoy life.
Have a good time.
Some facts about climax (source investopedia):
-A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements.
-Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms.
-Essentially, climaxes are a result of supply and demand factors.
Comment:
Looks like an shark pattern on the Bitcoin chart. my next target is around 14k (TP 13900)
Where the price will reverse is not clear, the market will decide. (could be above 20k)
Between 2022-2024 the central banks will publish their own digital currencies (based on crypto-tech) for the public, the e-Euro and the e-Dollar (look it up on their websites, it is official already and they are working on it). The thing about Bitcoin is, that this new finance order could be the end of Bitcoin or the start of a new Bitcoin-era. No one will know it for now.