FOMO buying has really kicked in yet.
Bull market, however, we've had for many months.
When panic buying starts it's a sure sign things are going to flip.
Eldal
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@UpnwoD, We'll see if history repeats itself. I think it's at least partially a different game if the rumors are true that this run has been fueled by more institutions.
UpnwoD
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@Eldal, Yes, agree. That bring some well needed stability to the game. One factor that I think might counteract these big actors is the federal air drop landing in many, many peoples cheking accounts these days. People with a high willingenes for risk and small awareness of it. That primes this bull run for a FOMO crash in my humble opinion.
Eldal
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@UpnwoD, You referring to inexperienced traders misspending their government stimulus checks? Just making sure I'm following you?
UpnwoD
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@Eldal, Yes. Hope they don't, but human nature rarely fails to deliver
Eldal
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@UpnwoD, I would think this would be insignificant, but I could be wrong.
without_worries
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The only odd thing right now between 2017 (Feb / March) to 2021 present day is the dollar. Back the dollar index was in free fall. Today it is at the end of a fall and showing signs of reversal.
I've no idea if this will be significant.
Eldal
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My favorite thing about this post is the awareness that there is a ticker for the whole crypto market and crypto minus btc. Had no idea and was something I was hoping existed. Any other good all encompassing tickers you use?
Eldal
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I'm not seeing your explanation? Is this a trading view bug? I just see your three screenshots
Dangermousebanana
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Completely agree !! We just broke out !! However there could be some more downside if we backtest breakout point at roughly 450 B.
Bull market, however, we've had for many months.
When panic buying starts it's a sure sign things are going to flip.