BTC short to 20k range
Hello, assuming the red line marks a longer term resistance, i came up with this entry.
Also im not quite sure if we are up to test it again, in case btc goes to red line once more i think it would be worth to short it there to 20k range.
Recent Crypto Volume is awkward and i dont believe in a continuation.
Sl would be close above red line.
Even big whale´s like FTX´s Sam Bankman Fried openly admiting that yield farming is a stupid ponzi, so is 99.9% of crypto coins/tokens.
So the whale´s dont even mind to pretend like this is the future anymore propably because they are done dumping on you guys.
All coins ( btc inclusive) overpromise and underdeliver. Blockchain isnt scaleable and bcz of that its overvalued. Just look at recent Eth tx fee´s of over 200 USD and tell me again its the future of money.
Just imagine the tx fee´s if eth is going mainstream lol.
Its just a matter of time until cypto collapses with all its useless Ponzi´s/underdelivering projects.
BTC seem´s to have topped for this cycle. if 10k range SHOULD hold we could see another ath but i wouldnt assume that it cant break, so i would be careful even to long 10k.
BTC propably isnt even worth 10k from a fundamental view.

