Bogus news about fed not banning btc
This manipulation pump of the back of recent ridiculous news about fed not banning btc is really the definition of what happens right before btc crashes. This pump happened in under 10 minutes by the way. If you look at the volume bars for the last 6 weeks the sellling pressure has only been getting bigger whilst the buying pressure has only been getting lower. I feel sorry for all the gullible people who are buying now close to the local top. Meanwhile traditional markets spx and nasdaq which btc follows very closely have been struggling big time which further proves the point of this post. This crypto space is very ugly and full of bull shit+ with the greedy at the top taking from the poor so it isn't exactly much better than what it's trying to replace until it matures into something better.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.