Given the amount of fear and uncertainty in the market based on the shorter-term price action, I wouldn't be surprised to see price wick down to re-test $50K, similar how to $40K was re-tested.
And would you be surprised to see a price wick up to $80k to take advantage of the scaredy cats?
Does not seem convincing to me either way in terms of whether there might be a price wick DOWNity or UPpity.... especially that we have largely been bouncing between about $53k and $61k for slightly more than 2 weeks (while in a bullmarket).. sure with a overall trending DOWNity in the short term, but since when did our lil fiend, aka king daddy care about that kind of technical mumbo-jumbo shit that might last for 2 weeks-ish or perhaps still only about 3 weeks when we are talking about the last ATH?
I don’t know why, there is no TA …
But somewhere in my lower half of my carrying weight I got this feeling which says
Weekendpump on its way….
Only men got this lower hanging weight on one side…
What a riddle, but surely could not have lower odds of coming true than the mumbo jumbo that dragonvslinux just propagated upon us....
