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Wednesday, October 26, 2022

BTC up, BTC.D down

BTC up, BTC.D down

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

So, in one of my recent posts, a uniformed person, said that the majority of the herd is waiting for BTC to pump. To prove him wrong, you can see the result of the poll undertaken by a very popular YouTuber (better not mention) asking about the BTC bottom. The result is clear, of more than 50k people, 68% (the great majority) are waiting for BTC to crash and find the bottom. I also included the clear pattern of a falling wedge that BTC is forming, which could break out any time from next week on.

The majority was wrong about BTC top, they were waiting for 100k and they had 69k
Now the majority are waiting for BTC at 10k and they will buy at 40k waiting for 100k and sell again at 19k

For the record: Altseason, BTC price retracing to 50k range, and BTC .D reaching new ATL , then a cruel 4 years Bear market.

Via TradingView Ideas

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