3 pin formation 1W: seems bearish although we closed above 7K
I'm going to just stay in bitcoin. I will buy more if the price fall. To me, not a great idea to stay out of BTC. There is a somewhat equal amount of buyers and sellers now so only whales could push anywhere at this point. for the past halvings, every time BTC stayed below and then picked up its pace along the way. This time I feel like it is over and we are heading up from here. THings are going to be different. At the same time, I wouldn't be surprised to see a spike down but I can guarantee you the price will not stay below 4K for long as the mining machines for BTC costs around that price so based on supply and demand, it would make any sense for it to consolidate below 4K. But, either way, this is Bitcoin, manipulated and owned by the Wealthiest family on earth so anything is possible. I would want the FED to keep that BRRR going on so holders could accumulate more.
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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.