Wednesday is usually a good day to trade.
Monday usually is prepare for trades start from Tue or Wed.
For Btc , its broken down the support line,
or the is working on pulling price down .
There are two targets sign on the chart for different types of traders,
after breaking the . But you need to worry where to
enter short again and do your risk management.
Less is more!
breaking down would let BTC drop deeper down to 14000 round.
Dont risk to long it untill the trendline broken.
Secondly have a look at this:
250b ripped out of a 650b market. 100b back on within 12hrs (most small players (read me) need 24hrs to clear new fiat money into their accounts, to buy stock at such a discount). If anyone doesn't believe there's some level of market manipulation in a market that 30% is owned by a tiny percentage of people you should probably reconsider. Keeping in mind entire crypto land is worth less than apple and it starts to make sense. Lastly, go back to last year and the year before. Always one large retracement whole market retracement near xmas. Check the drops, they were so well co-ordinated, big drops in tiny timeframes across almost every major exchange on practically every single one of 1300+ currencies.
Here's a fun conspiracy theory for the side, a lot of major exchanges closed the ability for new people to come into the market this last week, also a lot of instant CC purchases were 'unavailable' while btc was under 15k (hit almost hit 10k). Yet no on had any problem taking money off the exchanges. I think someone is just trying to increase their percentage share in the market.
Just remember crypto isn't regulated, pump/dumps and insider trading is rife. But that's what u have to learn to put up with if you're an early adopter (relatively).
TA absolutely still counts as market manipulation always happens with momentum, but if you haven't been around in this space long go over the historical data and start checking out about bitcoin whales.
Merry XMAS everyone!
Yes consolidation on the top is possible , which could be a corrective wave too.