BTC update: respectfully within the triangle
As always, I like to look at the bigger picture. This is Bitcoin's 1 day chart and is still handsome looking.
Bottom line of the triangle still hasn't been broken. BTC's price fluctuation is very healty swinging withing the triangle.
13k represents a strong support and I believe it will be tested a few more times before we witness a radical change in the pattern. My guess is that the parabolic trend is still being respected and Bitcoin along with the other cryptocurrencies are getting ready for a ride up.
I read many posts both here and on twitter of people panicing for price drops.
I can't stress this enough and I probably sound like a broken record yet I'm gonna say this one more time:
this is a long game guys and it is for steel balls only.
If you are one of those who expect to get rich overnight as deviating mainstream medias told you, then take your money out. This isn't for you.
Remember: nothing valuable comes fast (and easy).
I'm out, will enjoy my family on this beautiful Sunday.
As always... happy trading, be safe!