Dear Reader,
Like many of you, I follow the top analysts on TV. Right now, everyone is getting it wrong!
First they say up, then down or both! .. and we all think ... are you long or short? Pick already!
The truth is that it's very difficult to analyze faster charts at the moment. Everyone is trying their best and pretty much waiting for a clear signal to emerge.
So, let's not be too judgemental of the authors.
I follow the longer term trend from the daily and weekly charts. My interpretation is that we need to see a big correction soon. It's completion will usher in major investment and send BTC + alts to the moon and beyond. I know that some disagree with my view and are of the opinion that we've already seen the bottom of the market. Only time will tell.
Today, I offer the possibility that BTC is traversing an ending diagonal.
Let's see how it turns out.
Happy Trading!