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.
Might just be a stop Hunt to close the few people that went bullish close to the current level
Market might just go bearish to collect money left at the bottom of those pins
Mattysalads
⋅
@Ricardomalgas oh I’m on an iPhone ignore my stupid graph lol. I analyze on my desktop but I post little ideas I have here to watch it all the time haha.
Might just be a stop Hunt to close the few people that went bullish close to the current level
Market might just go bearish to collect money left at the bottom of those pins