Not out of the woods - yet.
The emotions that come with these huge btc moves give ppl "confirmation" that a bullrun is underway. This is the perfect environment for the boys to take advantage and push the market back down and trapping the bulls until they finally give up and we get that capitulation candle that the institutions are waiting for. I'm short term bullish but playing with tight stops.
Until we break 12k with authority we're not out of the woods. Failure to break would call for a new low sub 6k IMO.
This giant wedge forming could tell the story not many are looking for at the moment.
I know ppl don't like comparing to the 2014 bear market but take a peak and notice we're following the pattern almost like a shadow.
Until we break 12k with authority we're not out of the woods. Failure to break would call for a new low sub 6k IMO.
This giant wedge forming could tell the story not many are looking for at the moment.
I know ppl don't like comparing to the 2014 bear market but take a peak and notice we're following the pattern almost like a shadow.
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