BitcoinPanjang
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.