Imagine expecting a $2000 move out of this
So unless you are calling for 3K, fuck off with your downside targets, it's going to 16-17.5K.
(and if you are calling for 3K, go find another job cuz u clearly suck at this one)
**also my bad: it happens every year or so, not every few years.
Bitcoin gained +35% in the past 9 days, its best performance since early this February.
At this point, most technical indicators have breached into overbought territories especially in the higher time-frames. Bitcoin may be just about out of rocket fuel for now.
As a trader, I'm always looking out for conditions that can cause a change of trend ahead of time.