I'm not going to talk about the technicals. If you're on trading view, you know where we are at right now. I'm going to keep this as simple as possible. Things don't go straight up. Bitcoin is too mature of a market now to sustain parabolic activity. I'm a bull, but right now, things look like they need to come down. Otherwise, this is an unhealthy move to the upside. I'd rather see slow gains with healthy consolidation. All of the indicators are screaming for a breath. I don't like how this is setting up and it makes me think that large money is squeezing the shorts out and then will crash us back down to the 5k range, Maybe a little further if needed. Be careful in this area and keep some money on the sidelines.
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Lovely short squeeze playing out. RSI & NFT are about to go off the charts. My only question is will the pullback form a cup handle or fall straight down.
I like the simple charts; crypto is so beautiful in that it follows such basic things-- technically speaking. Like channels, wedge, etc. Only thing that ruins the charts is bad news of massive BTC moves.
Cryptrarian
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Inexperienced $ is buying on fomo now. Plenty of time to get in at lower prices.