The daily movements is difficult to perceive right now, and I WILL NOT VENTURE ON THAT.

However, I love to look at charts and the possibilities, and look at BTCUSD weekly chart, I start feeling worried. I mean worried in the sense that many people are LONG Bitcoin , and the chart tells me a worrying story in the medium-term.

I understand there may be disagreement, and in the end of the day its the individual decision to decide their assets on board. Personally, I will not go long as I feel this Bitcoin could have a major downturn coming. In the meantime, we can no doubt trade as long we place stops and profits. Trading is always fine, providing one understand the risk involved and also that market can GAP big time (many examples EURCHF , Plaza accord etc).

the big picture for me is that we may have a large M-top and measuring the objective if broken through neckline, hmmmm not much left, but for argument sake I state $ 5,000-$ 8,000 possible… I am not a predictor of doom and gloom, and yes crypto are pikcing up and many investors jumping in. Recently large buyer of XRP etc… so yes I understand, but am only showing that the charts looks gloomy, if indeed it is what it is.