“Things change quick, but if we hit these areas I begin to ladder,” part of accompanying commentary read.the current spot price at the bottom of an area that “must hold” for BTC bulls to have a shot at upside.“The entire market looks bad... Thing is that some altcoins look even worse,” Il Capo of CryptoThe downside thesis was supported by derivatives markets on Dec. 29, with funding rates positive while price action failed to rally.
“Layman terms, Long/Short ratio is positive first time since May, means more Longs than Shorts now, OI and Funding is positive, means people are betting on perpetual market BTC will pump, price structure looks bad and this can be easily another local top here and dump. Be careful!” popular commentator aQuaA slightly more hopeful perspective came from Blockware head analyst Joe Burnett, who argued that a painful period in Bitcoin’s history was slowly coming to an end.
“Bitcoin swept the low / 16.5k, filled the FVG and put in a 3rd drive with multiple H1 bullish divergences. It is now or never for the bulls to take this back up,” entrepreneur Mark Cullen“Lose the 16.2k level and the yearly low will be in threat & lower + $DXY looks like it wants to bounce!”With just two days until the weekly, monthly, quarterly and yearly close, BTC/USD was down around 60% year-to-date, 3% for December and 14.
CryptoTony__ It may go up, it may go down, it may go sideways. Here you go, 100% accurate version
CryptoTony__ I'm OK with possible dip unless I have some usdt left in my portfolio
CryptoTony__ The dip has begun. Put on your seat belts folks, it's going to be a wild ride
CryptoTony__ I hope another dip doesn't happen, but if it does, I'm unleashing my tether stash again
CryptoTony__ Nope
CryptoTony__ Not sure if I will keep buying ETH in this case, but I won't stop buying BTC.
CryptoTony__ At the top there is extreme GREED and at the bottom there is extreme BEARISHNESS like your article. Folks DYOR don’t take anything from the crypto media as truth. DYOR. Because they FUD extremely when they want to buy. It’s just their way of life.
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