Dear Reader,
It's been a frustrating time in the wacky world of (often incorrect) TA. Almost nothing works as it should right now. Many pro's are sitting on the bleachers, eating popcorn and watching the FOMO frenzy as the general public hurl their life savings into the crypto markets.
It's a gamble which may or may not pay off.
Many of us feel that a correction is overdue. If it's not going to happen as a breakdown from this ascending wedge on the 4 hour chart, it most certainly needs to happen at the 100% FIBB retracement level ($ 11 500). Failing which, BTC has turned into a bullet train with no brakes. I think at this point, all the bears will admit defeat and we'll all turn bullish.
Let's see how it plays out.
Happy Trading !
It's been a frustrating time in the wacky world of (often incorrect) TA. Almost nothing works as it should right now. Many pro's are sitting on the bleachers, eating popcorn and watching the FOMO frenzy as the general public hurl their life savings into the crypto markets.
It's a gamble which may or may not pay off.
Many of us feel that a correction is overdue. If it's not going to happen as a breakdown from this ascending wedge on the 4 hour chart, it most certainly needs to happen at the 100% FIBB retracement level ($ 11 500). Failing which, BTC has turned into a bullet train with no brakes. I think at this point, all the bears will admit defeat and we'll all turn bullish.
Let's see how it plays out.
Happy Trading !