Is this the top for BTC?
NOT FINANCIAL ADVICE
A possible scenario that may be playing out.
No one can ever guess the top and there is still a lot of growth in this space (crypto). However, there has to be time when people also take profit. 12.5K is a good spot with all the fanbois setting themselves up for a trap. BTC hasn't crossed higher than this in over a year. And this run looks like it may have ran out of steam. A drop down will be nice for new comers to also enter the space at a more reasonable and affordable price.
I will be short from here, but if it goes the other way, I will not be surprised either.
A possible scenario that may be playing out.
No one can ever guess the top and there is still a lot of growth in this space (crypto). However, there has to be time when people also take profit. 12.5K is a good spot with all the fanbois setting themselves up for a trap. BTC hasn't crossed higher than this in over a year. And this run looks like it may have ran out of steam. A drop down will be nice for new comers to also enter the space at a more reasonable and affordable price.
I will be short from here, but if it goes the other way, I will not be surprised either.
Note
HELLO FANBOIS!!!!
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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.
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.