Right now we have few facts and lots of fomo
Welcome to my very first post!
Am I the only one that sees bearish price action that can bring us back down to the 30's? Possibly below but I don't think the channel we are STILL in wont break so quickly based on the previous 3 month consolidation cycle. Bulls should want boring sideways for now for a bigger move up on the macro. Bears just want to tear us down in the 20s which should have some serious buy pressure if it holds for a retest up.... but that's all conjecture.... for now i am not sold on a bull market.... possibly a medium term low (at 30k) but again not sold on it.
everyone is jumping the gun. we have so few conformations as of yet: one higher low... yawn
Ideas that completely agree or disagree are welcome.
May the number gods have mercy on our portfolios
Cheers,
Philipp
Am I the only one that sees bearish price action that can bring us back down to the 30's? Possibly below but I don't think the channel we are STILL in wont break so quickly based on the previous 3 month consolidation cycle. Bulls should want boring sideways for now for a bigger move up on the macro. Bears just want to tear us down in the 20s which should have some serious buy pressure if it holds for a retest up.... but that's all conjecture.... for now i am not sold on a bull market.... possibly a medium term low (at 30k) but again not sold on it.
everyone is jumping the gun. we have so few conformations as of yet: one higher low... yawn
Ideas that completely agree or disagree are welcome.
May the number gods have mercy on our portfolios
Cheers,
Philipp
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.