Main point of this idea is LET'S IMAGINE THERE WAS NO 12th MARCH AND NO COVID DEATH STRIKE. We can clearly see trend channel with pretty nice targets, but since we've just reached upper border of the channel again, so IMO it's not that safe to enter market now, i would wait decent red strike. But if price strongly go further, then i guess buy is the only option =))
Second part of my thoughts is that literally EVERYONE watches this FEAR/GREED index, which is based on... what? I do remember EXTREME greed in real life when in october 2017 everyone talked about bitcoin and it almost tripled in the next two months.
Third part is there's no RSI div's on 4h or 6h timeframes. IMO show must go on, shorters must be burnt to the ground, and there's XMas soon. Bitcoin loves XMas gifts. Anyway, put your stops in right places.
Sincerelly yours, Tom.
Second part of my thoughts is that literally EVERYONE watches this FEAR/GREED index, which is based on... what? I do remember EXTREME greed in real life when in october 2017 everyone talked about bitcoin and it almost tripled in the next two months.
Third part is there's no RSI div's on 4h or 6h timeframes. IMO show must go on, shorters must be burnt to the ground, and there's XMas soon. Bitcoin loves XMas gifts. Anyway, put your stops in right places.
Sincerelly yours, Tom.
Comment:
Price is going much faster than expected, means second target (upper border) is on the way. There's also CME yearly futures closing on 24.12 and settlement is 28.12 so i'm expecting one more leg up and then 6 month correction