Range to form, especially going into the weekend.
This formation is what im looking for, which can take us to the end of March. Unless if we get some crazy volume coming in from more
We may be going down or sideways for months
I hardly can picture any fundamental news that can push the BTC price up.
The big boys that wanted to buy already bought. That was likes of tesla and microstrategy.
Now for more big boys to buy they will take time just because they need to follow some laws and set up the vehicle for buying crypto and that takes weeks if not months.
So the big money is likely run out. So the only people left to buy are the small retail traders.
Now the big experienced players also know this and they may just sell short and dump the market so they can reenter at cheaper prices.
Unless there were some other big players that planned on entering for months and months and about to start buying large quantities. Which I don't see either to be honest, because they should be smart and wait for a correction at least.
or employ a professional trader firm that can short and then buy on the cheap
This formation is what im looking for, which can take us to the end of March. Unless if we get some crazy volume coming in from more
We may be going down or sideways for months
I hardly can picture any fundamental news that can push the BTC price up.
The big boys that wanted to buy already bought. That was likes of tesla and microstrategy.
Now for more big boys to buy they will take time just because they need to follow some laws and set up the vehicle for buying crypto and that takes weeks if not months.
So the big money is likely run out. So the only people left to buy are the small retail traders.
Now the big experienced players also know this and they may just sell short and dump the market so they can reenter at cheaper prices.
Unless there were some other big players that planned on entering for months and months and about to start buying large quantities. Which I don't see either to be honest, because they should be smart and wait for a correction at least.
or employ a professional trader firm that can short and then buy on the cheap
Stop loss in
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Stop loss in
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.