We are either going to go up and test 2830 on Houbi or this extended correction from last night's low is going to be retested. We are just kinda floating in space here.
So, the question is, who is optimistic on Houbi? Because otherwise it can only be down at some point.
So, the question is, who is optimistic on Houbi? Because otherwise it can only be down at some point.
sentiment appears down, the btc atm's were supposed to be flooding the markets now come summer, but it's very quiet.
almost eerily quiet. i guess we will see soon enough.
these fluctuations are tapering out..... generally a downward trend, but as repeated alot of people who are weak handed are just quitting bitcoin as China just creates a cloud of uncertainty they prefer to not deal with, and day traders have to play these swings, possibly increasing the effects of the wild swings. Give it a couple months and China's game will seem petty and shameful to have been so sheepish to fall for.
Having watched these markets closely long enough, its pretty obvious to me why there are fractals. The bots are basically outlining the movement for us between drops. Fiat is leaving the market, China is dying and along the way there is a pretty obvious pattern now. The ones that realize that have created bots to squeeze as much out of the fractal movement as possible.
Its a highly predictable market at this point, despite what everyone believes.
enjoy making all that money then.
I know you think I'm crazy for saying it. However, I am almost certain that Houbi is going to break down again somewhere between here (2775) and 2830. However, if it breaks out higher than 2830, it will break down somewhere before (probably right below) 2885.
If this does not happen, then I will kindly shut up about the market being predictable.