BTC is forming a double top, seems the optimism about legitimacy about the --coins is subsiding and after several very serious articles about ---coin as a result of the "legitimacy", the appetite is going down, and on top of that the forces of the big guys may start coming into play... Yesterday I was walking the corridors of a public institution and I heard...
We are going to see BTC going lower... in all charts the following is true... the middle line of the bollinger bands is the owner of the dog (security, in this case BTC). No matter how far the dog wanders away from the owner it always return to greet the owner and they go sniff on the other side... The markets are rich with that pattern no matter what the security...
Anyway you slice and dice it sustainability that defies physics does not exist.... you may feel a fool for not betting the farm on bitcoin but you will be very very happy when this thing reverses course sometime soon... the exit will be even more abrupt then the entry...unless of course the next trajectory is a nice valley and plateau in the heavenly...
Anyway you slice and dice it sustainability that defies physics does not exist.... you may feel a fool for not betting the farm on bitcoin but you will be very very happy when this thing reverses course sometime soon... the exit will be even more abrupt then the entry...unless of course the next trajectory is a nice valley and plateau in the heavenly...