Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Taking a step back sometimes is helpful to make sure that you are anticipating the crowd instead of become a part of it. BTC is holding the $7000 level SURPRISINGLY well and at this point it almost feels as though all TA is out the window. I keep asking myself is it on wave 3 or wave 5? Is BTC finding its top or getting ready to blast off? My guess is most traders out there (like me) are caught between FOMO and FUD and so I am sitting out of this one. I rode the bubble for a while but I'm opting to take the week off and remain for a return to sanity or just mean regression... whichever comes first. Here's a short term somewhat neutral and forecast based on the FOMO, FUD, and upcoming Fork. Play at your own risk...
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Looks like FUD is at the wheel and in control for now but these quick drops only make for quicker bounces
so, FUD and FOMO take the wheel as expected. No 2x Fork. $1000 swings. The market isn't sure which way to go so buckle up! It's gonna be a bumpy ride...