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RE: When BTC correction will be finished?
The only thing that gives me hope is that the volume is not confirming a head and shoulders pattern the way it should. We should have seen a spike in volume into the head and that didn't manifest; it actually kind of did the opposite, so it gives me hope...a small amount of hope because it is still a scary looking chart.
Agree as well but what about the second option? Do you think BTC would drop lower than 10KUSD?
Thanks for commenting
No, I don't think so...not for the near future. I think we are putting in another bottom soon. There is just too much money on the sidelines wanting and waiting for an entry to get in now and although we've gone up a ton this year, this "bubble" has just gotten started. If it was going to prick $10k, I think it would have done it last week. So much money has been printed around the world that $500 Billion isn't what it used to be. I know that sounds ridiculous, but its true...and with futures trading starting, they are starting to link wall street money to this market, they can't afford for it to bring down stocks and bonds.