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RE: BTC - Stucked at the top - Drop/Consolidation ?
All the signs point to the correction, but we have been with these signals for weeks and it does not stop going up and up, what are we missing?
Obviously the descent will arrive, Obviously the question is when. If after this TA, btc goes up again I propose that we do the hara-kiri en mass xDDDD
Right after the fork seems like a good time for a major correction
This is why I'm very prudent.
The correction will come for sure and will be very powerfull, but we can do some new highs just before.
In all the cases, I cannot suggest to people to buy Bitcoin now, this the goal of my publication.
i know bro, thanks for keeping us in allert mode!
I agree. The number of interest in Bitcoin is crazy. Cainbase just had 100,000 new accounts in a single day (number of total accounts registered at Coinbase is close to 12 million) so I see hot the price can still go much higher, yet I think the correction is here. I just posted two reasons for it, feel free to check it out.
Theres no fresh money coming in as everybody is over-invested but nobody drops out before the fork and maybe not at the fork either. So you have periods of sideways movements but no massive corrections. There's also some insider hints that extremely good news might happen before Christmas (or in January) which would propel BTC to new heights, and in the face of which there's just no overall reason for paranoia.
No fresh money? so how you name the 20billions that joinned the market cap in less than a week?
Peanuts