BTC Giant bull trap
Updated
To me 3 things are obvious:
1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance.
2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race.
3. Nothing defies nature's laws, and what goes up will come down.
Conclusion:
"What you don't know, won't hurt you, it'll kill you. Like if they tell you you're going to shower but they turn out not to be showers."
and since it seems that I do not know a lot about the recent events I decide to stay out of the market until things start to make any sense.
1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance.
2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race.
3. Nothing defies nature's laws, and what goes up will come down.
Conclusion:
"What you don't know, won't hurt you, it'll kill you. Like if they tell you you're going to shower but they turn out not to be showers."
and since it seems that I do not know a lot about the recent events I decide to stay out of the market until things start to make any sense.
Note
Please leave a comment if you have an explanation or even a guess for what just happened.
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