2 reason why we not want this to go to fast up :
1) we all know that when BTC goes up fast trader for some reason that is beyond me take out money from altcoin and go in BTC ( in my opinion is wrong because we could do a double gain by stay in and pushing altcoin up and gain BTC and when out we gain the 2 time because BTC is up )
2) Because if BTC goes up to fast, then like everything has to come back down, and we saw this time the consequence lot's of people got burn by this mechanic that we old trader know and recognize.
Like always live a comment bellow and let me know what you think, Thank you.
Ok we had a few up and down in the past few weeks leading to what i think is the formation of Cup and Handel , now it broke that nicely and on his way up to the $10000 , we must agree that we need to be careful now and start putting more closer stop lose , we are do for a pull back or a side way consolidation, i would not sell because i believe we would go this year way over the old highs , i think we may touch this year $ 30000 so i hold for the long but if you want to take profit watch the chart and look for oversold, By the way the RSI daily looks like getting up there we still have a bit to go but we are close to the top. Good luck to all , and like always leave a comment and let me know what you think.
Is this an inverse head and shoulder ? , I think maybe in the next few days we are going to test again the 11000 then the real resistance is going to be around the 12000, we may going to need more then one try to pass that resistance but if we get to pass that we going to go all the way up to 13500 - 14000 before maybe slow down, i see very possible 15000 by the end of March. Good luck to all of us.
Let me know what you think by commenting .