Brief respite from our downside movement, potentially back to 44K, before resuming our scheduled ETF top Armageddon (correction). After which, of course, BTC resumes its God-path to All Time Highs
ETF news became distributed over time as the probability (steady stream of confirming information) approached 100% by the time of its permissioning by our ever so gracious and wise American SEC. This blunted and delays the mirror effect, a simple sell the noose, where traders are numb to such a concept or openly mock it, and retail has and is still buying the top....
one theoretical path. What do you think?
Target 1000 - 600 Timeframe 1 - 4 years People think fundamentals have a mystical effect due to mass conditioning. Buyers and sellers price where they will. The minimum price for all businesses to operate is relatively very low, and the majority of value is speculative. Can this one do it again? "Perceive the world as a bubble. Perceive the world as a...
Now that the main up trendline has been broken on strong and definitive volume, the next trendline of significant merit will offer the next strong support.
While perhaps one of the more difficult times to know where the market is headed, when we go, we should go far.
Long term analysis of LTC/BTC has shown long term overall downtrends, with sudden short uptrends. LTC is reaching a pressure point where lack of strong bulls means further downward pressure.