Finally! I was missing out on great longs from 30-40k because I was so afraid of the 9 day chart needing to come down a bit. What I drew with the green line may be very wrong, but if the majority of BTC are held for the long term I could see a slow drop for a bit and then back to the finite supply-high creation cost BTC price action. I didn't want to short it, no I was trying out some alt/btc pairs to keep up the trading. My personal take on this picture is that we ought to see a few weeks where BTC is highly unlikely to be going up much, gradual down pressure.
Note
I forgot to add my customary "unless elon pumps BTC" and that bit me hard. Anyway I guess that it will go up to 50k now
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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.