I expect btc to fall from here, it slowly crawled to the upper side of the channel. There is no volume. There are no fundamental news backing the growth. Everyone is extremely bullish, altcoins showing signs of exhaustion. Still it's just my opinion based on indicators and market sentiment. Remember to set your stop loss. Not a financial advice. Check out my previous posts, clearly prediced the dash rise and bsv.
No volume? Bitmex is at 2.6 billion today already (that’s approx. 10 day average) and we got 11 hours to go 😂😂😂
darkpiggie
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@NecRose, Bitmex doesn't trade real btc, it's paper btc mate. That does not influence the market.
NecRose
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Looking at spot exchanges (like Coinbase) with 0.5% BTC total daily volume isn’t very smart either. Could literally be ONE bot with volume coordinating the order book so it follows what The Big Boys at ‘Mex wanna do. Follow the money.
NecRose
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There have never been any “fundamental” news backing the growth lmao😂😂 most of the rallies were either totally random or a short squeeze😂
darkpiggie
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@NecRose, Ok, come back in a few days, let's discuss this further :)
NecRose
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@darkpiggie I’m not saying I disagree with the direction you proposed. It’s 50:50 it gets rejected here and plummets down. I just disagree with reasoning. Volume and “fundamentals” are not an issue in this case.
darkpiggie
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@NecRose, True volume is manipulated. I don't follow fundamentals either. But market sentiment is too positive. We shall wait and see, but I am bearish at this point, unless a big green candle comes out of nowhere lol