2021-06-16 11:36:23
My thoughts about #Bitcoin
I don't like it) Yes, you read it many times. Let me explain why i think so.
1. Every attempt to rise up meet a big volume at a high.
Even yesterday's example, the price had made a re-high and range break up.
It didn't close at high and bounced from the biggest volume.
2. Summertime, the best time for range and quiet market.
3. Too many retailers bought it in 33 - 37 areas. I think big guys should come for their SL.
4. Most breakouts on altcoins end up with traps.
5. Price was in a range in average 40 - 120 days. BTC is in a range for 28 days only.))
For me, it's a signal that bulls still weak. I wait for better opportunities.
2.5K viewsedited 08:36