Hello all! Happy Weekend. I was checking on the 3 Amigos and it looks like the 2 day has just made it to Golden Cross territory.. I am thinking people are still on the sideline and potentially we have not seen the FOMO yet. LMAO. A lot of perma bears are out right now trying to change the narrative back to that 10k flush out.
I would suspect some type of flush out at some point to deleverage longs. Although, this is very tough to predict when, I think we are still in disbelief stages of potentially the start of the next bull run.
Getting back above the 200 was critical for BTC. I believe the pro traders hoping for that downside are not expecting the next move, and the HERD (society) also have been mostly still scared to enter and new buyers will not buy until BTC crosses that 30K threshold when the FOMO kicks in. We crash after BTC hits 35kish to low 40k at major FOMO, but then back down to low 25kish wherever 200 MA is.... This is all my own opinion and should not be taken as investment advice, entertainment only.
I would suspect some type of flush out at some point to deleverage longs. Although, this is very tough to predict when, I think we are still in disbelief stages of potentially the start of the next bull run.
Getting back above the 200 was critical for BTC. I believe the pro traders hoping for that downside are not expecting the next move, and the HERD (society) also have been mostly still scared to enter and new buyers will not buy until BTC crosses that 30K threshold when the FOMO kicks in. We crash after BTC hits 35kish to low 40k at major FOMO, but then back down to low 25kish wherever 200 MA is.... This is all my own opinion and should not be taken as investment advice, entertainment only.