BTC/USD Back up and look at the larger trend...
CME contracts close today, hence the apparent drop in price.
Trend seems fairly apparent factoring in the events/ needed consolidation
Lets look at the larger trend/fundementals
- thousands of companies are implementing blockchain
- EVERYONE wants 8k (never happens when everyone wants it. just like the dip to 1800 earlier in the year when everyone wanted 1200-1500)
- Utility in crypto is growing exponentially...
some sideways movement and consolidation to start a new chapter of crypto is necessary. I am both short and long term super bullish on crypto.
Trend seems fairly apparent factoring in the events/ needed consolidation
Lets look at the larger trend/fundementals
- thousands of companies are implementing blockchain
- EVERYONE wants 8k (never happens when everyone wants it. just like the dip to 1800 earlier in the year when everyone wanted 1200-1500)
- Utility in crypto is growing exponentially...
some sideways movement and consolidation to start a new chapter of crypto is necessary. I am both short and long term super bullish on crypto.
Note
CME closes in just a few hours, trend is holding nicely as presented in the chart.14k next target to clean up some bags.
Ready for another week of bullishness
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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.