Reddit is pumping BTT (likely BTT whales using bots) but nonetheless this is identical to the last legs of the 2017 bullrun. Tesla buying 1.5bn doesnt mean "Tesla Market bought 1.5bn worth of bitcoin at 47K" which every emotional trader cognitively assumes without actually considering what that headline means. For all we know Tesla could be investing in shorts.
Bitcoin is retesting its secondary bollinger and almost every altcoin under the sun is 100% up on the weekly. People are going to start cashing out.
Take large profits now or forever regret your own greedy emotional decision to hold the top.
Those that kept holding the bag from last time are doing fine right now. Taking some profit near ATHs is wise but, if you are long, you can't go wrong.
Dawnchorus
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I've been debating the same thing myself. The hard part to swallow is that many alts have hardly began their cycles. While there are similarities to the greed that we faced in 2017 - We still may have a ways to go in the alt bull market.
majic92
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this market is a casino, trading isnt this bullshit.