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RE: Batman formation - are we heading into a Bitcoin consolidation?

in LeoFinance3 years ago

Hehe, I very much doubt that we'll see a full Batman shape given the levels we've risen to and the number of people now looking to get in (could still get another few rough corrections, but the right shoulder will be higher than the left one I'm sure!).

Also, this all got triggered by two one-off news stories of Elon Tweeting and Binance being investigated. So don't see that being anything other than a shirt term effect. (Unless the Tesla announcement puts real dents in investor expectations of more large companies announcing their BTC investment now that they may perceive that Tesla backtracked a bit to avoid bad PR due to Bitcoin's image of not being environmentally friendly).