pro-active NyanCat_2 :
I'll preface by saying I'm not a TA enthusiast. Looking at the current macro picture sub 17k is VERY possible. the outlook on traditional stock markets isn't rosy, people are risk off - bitcoin is great, but is still widely considered as a risk on asset..and..is now very correlated to SPX and NDX, so given that we broke 17k last week, it is highly likely that we'll dip below that again when something new spooks the markets. more 3AC episodes to come.
Unless of course the macro picture changes - war, Fed etc.
pro-active NyanCat_2 : I'll preface by saying I'm not a TA enthusiast. Looking at the current macro picture sub 17k is VERY possible. the outlook on traditional stock markets isn't rosy, people are risk off - bitcoin is great, but is still widely considered as a risk on asset..and..is now very correlated to SPX and NDX, so given that we broke 17k last week, it is highly likely that we'll dip below that again when something new spooks the markets. more 3AC episodes to come.
Unless of course the macro picture changes - war, Fed etc.