Yes, I've been talking about BTC
going to 9k next Monday. => Now it appears that this isn't going to happen. The impact of futures
market has been overstated only to pump the price up. However, upon reflection I realized that those big money guys who're now multi-millionaires and billionaires simply aren't going to let a major crash happen. Some correction to $13k is possible, but the resilience of BTC
has been impressive.
Some other traders here mention there's bearish
divergence -> well, at least on the daily time frame there's none (see chart). After recent sideways movement, the UO oscillator is finally under 70. More days trading in this range will allow it to go under 50 or even 40. That's where a breakout may happen.
Yes, this is crazy & overbought, but probably not a good idea to short bitcoin
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