Let's go with Family Friday!
After the bleeding of Bitcoin these days, we can see the so famous "McDonald's" pattern, that pattern so defined in macro temporalities where your brother-in-law appears saying: "See how I was right? This coin thing is a scam."
But in this case, let's agree with him without getting angry: Bitcoin is a big scam!
Once the joke is made (personally I love taking it with humor), we must take into account certain movements that have occurred throughout these weeks and in the coming weeks. Very attentive to the large exits of ETFs from both the US and Germany.
And we should not lose sight of it either, Mt.Gox, which, moreover, just today has moved $2.7 billion in bitcoin, which could indicate even more short-term falls.
That said, I seek to be realistic on a macro level, not only in technical terms, but in fundamentals. And I may have another perspective that is not bullish in the medium-long term, basically for one reason only, the adoption of Bitcoin is incessant!!!!
Have a nice weekend family!
#MyFirstSquarePost Hello Binance Square!