now you know why BTC is going up this way. the rsi is oversold because of the FOMO ... it's obvious that BTC broke out of the downtrend as there is no major resistance until 11,7k don't expect any large correction soon. this is why some alts are doing so well, look at EOS ... it went to 5S to 15$ in 2 weeks and it doesn't seem to stop very soon.
I agree that on most TA the downtrend is indeed broken, however on log scale (which you should be using) on the daily from the close of the candles, the trend line is not yet breached. You might be right, but personally I am expecting a correction between 9,600 and 9,900. We'll see ay
LoboLoco
⋅
Do you think the alts are fueling BTC as well as BTC is used for getting in/out of alts? Maybe a combo, alts, new institutional money which equates to deep pockets and long term mentality as well as FOMO. When does the gas on this fire disappear. Lots of great press. Soros lurking in the shadows. Surely we will see BTC beaten down no differently then gold, silver, etc. Thoughts? Next 30 days, what do you see?