Just because everybody is bullish while we are still in a down trend, I'm dreaming about the huge discount which capitulation could bring. All traders, which are looking at the weekly, and see we are still in a down trend, are aiming to go long at the 200 MA. This got me thinking about the possibility in which the majority of them would capitulate. If we break the 200 MA, we would surely see a proper capitulation and I will keep the 300 in mind.
Of course I will turn bullish if we break the previous high in a meaningful way and I will also try to long around the 200 weekly MA. But everybody is bullishly running towards the halvening, which makes me believe chances kissing the 300ma around 3000 before reaching 10k are high....
The fundamentals an TA look quite appealing, possible that 6450 was the bottom and would enjoy a bullrun more than running all the way down to huge discount prices.
If we don't see any discounts below 6k anymore I'll keep my money in my pocket and play around with my btc, which I bought dca at around 7k and learn how to trade.
Don't care to miss out on buying more btc on huge discount before the next uptrend, in case we will break 10k and go moon :)
All the best luck to everybody and hope reading this broadens your perspective.
Of course I will turn bullish if we break the previous high in a meaningful way and I will also try to long around the 200 weekly MA. But everybody is bullishly running towards the halvening, which makes me believe chances kissing the 300ma around 3000 before reaching 10k are high....
The fundamentals an TA look quite appealing, possible that 6450 was the bottom and would enjoy a bullrun more than running all the way down to huge discount prices.
If we don't see any discounts below 6k anymore I'll keep my money in my pocket and play around with my btc, which I bought dca at around 7k and learn how to trade.
Don't care to miss out on buying more btc on huge discount before the next uptrend, in case we will break 10k and go moon :)
All the best luck to everybody and hope reading this broadens your perspective.
Comment:
*correction: I am talking about '' All traders'' which is obviously not true, excuse my wrong choice of words