Posting from my phone today so not marking chart heavily. Not much has changed uptrend is still intact.
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Now people will want ‘experts’ to tell them, when is it overextended?
I would say short of making new all time highs it is definitely not overextended. There are plenty of places where people might bail/take profits on the way up resulting in corrective behavior, which is exactly what we’ve seen so far. That is the story behind the picture of what we know and love called an uptrend, and it’s why price zig zags instead of traveling as the drone flies.
Lots of political stuff happening surrounding crypto in the good ol United States. If I know my government they are just trying to figure out how much of the pie can they take and how much can they cripple the tech without killing it. Kind of like figuring out how many liters of blood does the human body need to survive. They will take exactly that amount, then they will help you through the recovery process, for a fee of course. God bless.
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Now people will want ‘experts’ to tell them, when is it overextended?
I would say short of making new all time highs it is definitely not overextended. There are plenty of places where people might bail/take profits on the way up resulting in corrective behavior, which is exactly what we’ve seen so far. That is the story behind the picture of what we know and love called an uptrend, and it’s why price zig zags instead of traveling as the drone flies.
Lots of political stuff happening surrounding crypto in the good ol United States. If I know my government they are just trying to figure out how much of the pie can they take and how much can they cripple the tech without killing it. Kind of like figuring out how many liters of blood does the human body need to survive. They will take exactly that amount, then they will help you through the recovery process, for a fee of course. God bless.