The lack of audit of Tether and Bitfinex, a scheme that accounts for half of the BTCUSD trading and 1.2B outstanding usd-ious
Median trasnactions fees reached a new peak of 30 usd proving, once again just in case there was any doubt, that bitcoin currently is not ready for "production phase" (either for lack of developement or quality of the same)
The bitcoin war and the bitcoin cash threat prints a long shadow over bitcoin , and with a similar performance in the past months, there is nothing decided yet.
Stop loss: 15300
Best case scenario, market is hungry of overleveraged dipbuyers and we are retesting lows to shake them out.
Worst case scenario bull trap is over and we are heading to new lows.
Trade safe and don't get lured into the "back to normal" trap.
Read more: Head And Shoulders Pattern https://www.investopedia.com/terms/h/head-shoulders.asp#ixzz52Xny8N3b
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