BitcoinLong
BTC - this just feels right
I don't see where new buyers are coming from until the new year (institutional allocations).
Bears are in control because they have more BTC right now so they can sell down.
Too many PlanB/EoY parabolic rally folks got liquidated and have little money left. Institutions are net sellers at EoY, typically.
Enthusiasm is waning, sentiment still has room to drop.
Perhaps whales will scoop up just before the new year and we'll have a bounce sooner, maybe they'll be the new buyers.
IDK - but
42K seems like an inevitable (near bottom) fill on a LO.
Bears are in control because they have more BTC right now so they can sell down.
Too many PlanB/EoY parabolic rally folks got liquidated and have little money left. Institutions are net sellers at EoY, typically.
Enthusiasm is waning, sentiment still has room to drop.
Perhaps whales will scoop up just before the new year and we'll have a bounce sooner, maybe they'll be the new buyers.
IDK - but
42K seems like an inevitable (near bottom) fill on a LO.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.