I am seeing quite a few saying we’re pumping now to 44k, or retesting 36k, I think neither are 100% true, after seeing our W party this January, I think we’re going into another W right now, with a bounce off 39,000-40,000 to 44,000 - 48,000.
Remember the trend is your friend till the end, we’re in a 2013 (almost dead on, seriously overlap this and 2013) bull market.
You can scalp off each pump and the 10-20% corrections, but I don’t see any significant correction (30+ %) until 50k, which may act as psychological resistance, as also its when we hit a $1 trillion dollar market cap which will garner significant news and profits, as remember- many institutions cannot invest in an asset until it has a market cap of $1 trillion. We even get 1% from a few institutions, forget 100-200k, and say hello to 400+ K EOY.
Thanks and god bless
Remember the trend is your friend till the end, we’re in a 2013 (almost dead on, seriously overlap this and 2013) bull market.
You can scalp off each pump and the 10-20% corrections, but I don’t see any significant correction (30+ %) until 50k, which may act as psychological resistance, as also its when we hit a $1 trillion dollar market cap which will garner significant news and profits, as remember- many institutions cannot invest in an asset until it has a market cap of $1 trillion. We even get 1% from a few institutions, forget 100-200k, and say hello to 400+ K EOY.
Thanks and god bless