BTC is about to break out. Behaviour analyses.

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socialtrends
May 1, 2019

This is what on the main page on the tradingview now:

represents the current crowd sentiment/expectations


"The top is likely in" it says. With 28483 views.


As the experience shows - every time the crypto (or any other financial-related) crowd is "sure" about something - the next things which happens is a move to the opposite direction.


Now, we have two "crowd consensus" at the moment.

1. The long-term bottom is in

2. The short-term top is in


So, the expectations are that first we go down and then we go up.


Very likely we will get something completely different.


As it seems now, the following is the likely (from behaviour point of view) scenario:


The short-term top isn't in. We won't go much lower, rather grow to 7-8 kUSD. Then, if we see the real FOMO - we will retest the recent lows.


Assets from this insight

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BitcoinBTC

$ 8203.61

2.92%in last 7d