BTC 50-56k, are we here again already? Everyone is asking the question, which way this time? Will this hurt as much as it did the last three times? Will we have a double peak like BTC had in 2013? Currently I'm leaning 70%/30% long.
The purpose of smart money is to accumulate dumb money, and distribute it to themselves, so we should always do our analysis with...
BTC/USD Decision Level - Will it go up (Repeat 2013)? Or Down?
Since BTC has broke resistance at $50k USD, the big question on everyone's mind is, will this bull run continue and repeat the double run of 2013? Or is this just a retrace before BTC goes lower? Here is my take of the chart action unfolding now ...
My take on why it might go lower:
- Smart money...