Seems my assessment last week of Bitcoin trading sideways just under $12K played out, however, there was a little stronger dip in there than I expected. No worries on this healthy correction. With alt-coin / token projects hopefully, but speculatively, running more on large investor entries than fan hype and holder shills; attention is elsewhere besides...
With the house's most recent leverage casino clean-up, I see us forming a bearish rising wedge on the monthly. Yet I must remind myself that this is not an organic pattern and consider what the trend would look like without the Tether printer go brrrrrr. Previously, I noted a few instances of what many call large exchange accounts, such as Binance, wrecking...
Now entering into the top 100 cryptos in both price and volume, we may be seeing a parabolic breakout after conformation of a cup-and-handle pattern. I expect some bags to be shaking out soon, with greater selling pressure occurring as positions realize 2X gains; which would be a healthy retrace, and then return to the upside. Or other drivers at play could...