WHY IS NOT THERE AN EXPLOSIVE PRICE MOVEMENT AFTER ATH?
Honestly i was expecting a much more explosive move to the downside or upside, (more to the upside) last week before we breakout ATH.
Im suprised there is decreasing volume with hesitant price action since there is no bad news at sight other than Fed stating they might stop buying more securities before they start to think increase on interest rates. And if you really think about it, it is a good new for every investor all over the world because it means fed doesnt think to increase rates this year and probably not gonna make significant change on its bond purchase program.
Therefore there is still a lot of money in financial markets to spend like there is no tomorrow.
Im not long or short btc at the moment but i closely watch for trendline and old ath for confirmation if price is bullish or bearish right now.
Im suprised there is decreasing volume with hesitant price action since there is no bad news at sight other than Fed stating they might stop buying more securities before they start to think increase on interest rates. And if you really think about it, it is a good new for every investor all over the world because it means fed doesnt think to increase rates this year and probably not gonna make significant change on its bond purchase program.
Therefore there is still a lot of money in financial markets to spend like there is no tomorrow.
Im not long or short btc at the moment but i closely watch for trendline and old ath for confirmation if price is bullish or bearish right now.
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