So... is it really the start for the bulls? Perhaps. But who are we to know that?
Today we got a manipulated pump to 8k because of a simple game, that whales have been playing since forever.
There is a reason history repeats itself in a very similar way, for example bubble charts. In a bubble chart human emotions including ENTHUSIASM, HYPE and GREED are the kickstarters for epic growth. But with every rise there is always a downfall which trigger other human emotions: DENIAL and FEAR.
The pink twirly line I drew indicate small moments that happened from February untill now. Each time a momentum happens, we get hyped up thinking there is a slim chance we go in a full bull market.
This happened around 5 times in the past 2 months and after each time we get dissapointed because of continuation. So... here we are today, people thinking; "THIS TIME IT COULD BE REAL, RIGHT??", "WE WERE RIGHT, THE LAST BOTTOM WAS 6k", "BULL SEASON STARTED", "LOOK AT THIS INSANE PUMP PEOPLE ARE BUYING".
So I don't think I need to explain what would happen if this time AGAIN after 5 times it doesn't happen. People will get dissapointed, some just give up and sell, shorts that got liquidate before the pump and that turned to longs after the pump will end up losing AGAIN. The whales are manipulating your psychological behaviour over and over, because average human behaviour does not change. Which give them power to control the market HOW and WHEN they like it, they are not in a hurry. If there is free money to grab, they will grab it because, they know how to play the human ACTION and REACTION game.
Just my simple thoughts, but hey! Who am I to be correct? I am not a whale.
(This is not financial advice, this is a volatile market where anything can happen)
But this also means losing on the volatility and gains these times bring.
Or like you said, you can can just go blind in and hope for it and get quick money from the volatility. But lets not forget, money that comes quick could also leave equally fast and that is the risk you are willing to take if you it this way.
Thank you for your posts. Looking forward to more.