Finally looking to be a down day, and hope there's some consolidation now

Bitcoin price action over the last few days has been insane. It almost touched 14k, and it still feels like it was 3k-ish, only recently. That's how fast the bitcoin rocket has gone up. So fast, that it started to look unhealthy and unreal.

The reasons given were Libra, institutional buying, fomo, short squeezes what not. However institutions don't get crazy like this. And retail interest is surely low, because youtube scam artists are still hiding and people aren't tallking about it, neither the media.

Anyway, the fuel seems to be emptying for now. Bitcoin, at the time of writing is around 11.6k, and the daily isn't looking good.

Hoping this is a cool off before a move up. Alts were getting hammered when bitcoin was going up, and they look even worse now. There was some volatility yesterday, 13.5k to 11.5k, to 12.7k and back to 11xxx, and now we are back below 12k.

Want the king to keep going up, but at an easier pace, like a serious asset reflecting increasing adoption, i.e. 20k by Sunday. Lolz.

Posted using Partiko Android