Yeah, you are right. So much bearishness and FUD right now. CNBC has tipped me off today to buy btc now so just bought back all I sold yesterday. We're going to go up for awhile me thinks. Maybe one more day down but this indicator rarely fails. Fading CNBC works for me far better than charts ever did.
BTC could test 6800 level in next few days but by this Sunday it will be EXTREMELY BEARISH if we close below 8k. The weekly we be very bearish!
It comes down to some profound beliefs about whether the BIGGEST whales want more bear market activity for many months or whether they see this as the time to turn up the trend to bullish.
The BIG whales are well connected to the "plan" for Bitcoin in the financial system and I for one cannot understand why they want to delay these plans for many months in a more bearish trend. Next three days are the deciding factors for all "plans" to go into stall or to go as planned.
We are in Phase 3 of the Hyper Wave and thus we will close above 8350 this Sunday close.
11.24 is good enough low for me but hoping I will get a lower price before Friday.
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