Okay, so I have been waiting for this day since January.
I was about to loose hope about 5k's but bitcoin made it's choice and pumped super hard.
Let's check the market:
- Volume? No new volume has entered the market. It is still me and the bots.
- Altcoins? Let's see what happened. So btc had a 10 percentage pump. However the alts are sitting there loosing their btc value.
So what's happening? The money is flowing to bitcoin. Now everything is possible.
I still think that we are far away from the bull run. We have no new comers to the game. The whales are still trying to scare away the fish trying to collect all the btc around.
This is a really really nice bull trap.
Let's consider the greed index.
alternative.me/crypt...ear-and-greed-index/
The market has turned to greed increasing the value to 60. 100 is greed. 0 is fear.
If you check twitter you can see the shillers talking about how super this bull run is going to be, how they had told us about this day, how great everything is and will be.
But is that the truth? Guys I got liquidated a while ago due to listening to shillers and not doing my own analysis. Please get rid of the twitter "influencers" and start learning more about trading and cryptos if you want to win.
So what are the possible scenarios:
1- Bull run: Even though I don't find this likely of course this scenario is on the table. We have to wait for a break above 6k's and see if the price stays(!)-holds above 6k's for AT LEAST 2 WEEKS. I don't mean an ugly wick, I mean real volume, I mean real huge candle bodies.
Until then I am still super bearish.
2- Bear season about to turn consolidation: Okay, so the bulls have pumped the price to 5k, and it holds at 4800. Let's think of it like this.
People have been waiting for 5-6k's for a long time. Now the price is ABOUT to come to those prices. What happens? Normal investors are getting GREEDY, they will start thinking that BTC is going to MOON, they will refuse to sell their bitcoins and will wait for the 50MILLION USDDD TARGETTTT.
And then what will happen???? Greed will go up, altcoins will pump hard, people will start HODLing, then BAAMMM!!!! we will start going down.
These are just my ideas. My bear scenario can be totally Wrong.
I am still keeping some ETH, my targets are between 178-187 usd.
Be safe friends and always use STOP LOSS.
I was about to loose hope about 5k's but bitcoin made it's choice and pumped super hard.
Let's check the market:
- Volume? No new volume has entered the market. It is still me and the bots.
- Altcoins? Let's see what happened. So btc had a 10 percentage pump. However the alts are sitting there loosing their btc value.
So what's happening? The money is flowing to bitcoin. Now everything is possible.
I still think that we are far away from the bull run. We have no new comers to the game. The whales are still trying to scare away the fish trying to collect all the btc around.
This is a really really nice bull trap.
Let's consider the greed index.
alternative.me/crypt...ear-and-greed-index/
The market has turned to greed increasing the value to 60. 100 is greed. 0 is fear.
If you check twitter you can see the shillers talking about how super this bull run is going to be, how they had told us about this day, how great everything is and will be.
But is that the truth? Guys I got liquidated a while ago due to listening to shillers and not doing my own analysis. Please get rid of the twitter "influencers" and start learning more about trading and cryptos if you want to win.
So what are the possible scenarios:
1- Bull run: Even though I don't find this likely of course this scenario is on the table. We have to wait for a break above 6k's and see if the price stays(!)-holds above 6k's for AT LEAST 2 WEEKS. I don't mean an ugly wick, I mean real volume, I mean real huge candle bodies.
Until then I am still super bearish.
2- Bear season about to turn consolidation: Okay, so the bulls have pumped the price to 5k, and it holds at 4800. Let's think of it like this.
People have been waiting for 5-6k's for a long time. Now the price is ABOUT to come to those prices. What happens? Normal investors are getting GREEDY, they will start thinking that BTC is going to MOON, they will refuse to sell their bitcoins and will wait for the 50MILLION USDDD TARGETTTT.
And then what will happen???? Greed will go up, altcoins will pump hard, people will start HODLing, then BAAMMM!!!! we will start going down.
These are just my ideas. My bear scenario can be totally Wrong.
I am still keeping some ETH, my targets are between 178-187 usd.
Be safe friends and always use STOP LOSS.
