BTC - Where to ?
Are we seeing a symmetrical triangle or a descending triangle? Are we completing wave A of A-B-C correction? Is the Big Bang Theory going to pump BTC? Is Tether being created out of thin air to support BTC above a specific price range for some reason? Is the CME futures going to actually go through?
I don't have the answers nor do you. All we can do is to just watch the chart and make a decision and have a plan. I'm posting this chart here just to share what I'm looking at.
Lots of people have been calling for a big correction ever since we hit 5K back in september. The crash to 3K was thought to be wave A of ABC correction, but BTC just kept going until it hit 11K. Insane. Everytime we hit ATH, everyone was calling for correction. I feel like the market is really fragile right now and are leaning towards bearish momentum. However, there are many that are seeing the overall bullish channel and this run isn't over yet.
Besides following the chart, I'm also concerned about the "conspiracy" about Tether. If you don't know about it, you should check out this article. I'm not trying to spread FUD, but I'm also following what is happening with Tether.
What will happen? I personally want correction because we are over due, but who knows. Maybe Tether will come save the bulls until it's exposed.
What do you guys think?
I don't have the answers nor do you. All we can do is to just watch the chart and make a decision and have a plan. I'm posting this chart here just to share what I'm looking at.
Lots of people have been calling for a big correction ever since we hit 5K back in september. The crash to 3K was thought to be wave A of ABC correction, but BTC just kept going until it hit 11K. Insane. Everytime we hit ATH, everyone was calling for correction. I feel like the market is really fragile right now and are leaning towards bearish momentum. However, there are many that are seeing the overall bullish channel and this run isn't over yet.
Besides following the chart, I'm also concerned about the "conspiracy" about Tether. If you don't know about it, you should check out this article. I'm not trying to spread FUD, but I'm also following what is happening with Tether.
What will happen? I personally want correction because we are over due, but who knows. Maybe Tether will come save the bulls until it's exposed.
What do you guys think?
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