I feel like we are at the end of what this run has to offer until we correct and find some support.
We are setting up for a head and shoulders reversal on the smaller time frames.
If the market is this bullish then I think it would be more bullish to see it find support on the 100ma around $6400 before we get a monthly/weekly close above $7400. Then again we could be at 8k tomorrow.
I still see our last high being that $7,300 point on the 4th of September and our next high being this current one. The weekly close tomorrow is important but not as important as the monthly will be.
This tether/bitfinex/binance news is just too much of a coincidence for me.
If all of that resistance is broken that easily, then the support it holds can be broken that easily too.
The weakest hands are of those who fomo'd in.
F&G index: Extreme Greed
NVT is screaming to dump.
Who knows! Hope yall being safe with yo trades.
We are setting up for a head and shoulders reversal on the smaller time frames.
If the market is this bullish then I think it would be more bullish to see it find support on the 100ma around $6400 before we get a monthly/weekly close above $7400. Then again we could be at 8k tomorrow.
I still see our last high being that $7,300 point on the 4th of September and our next high being this current one. The weekly close tomorrow is important but not as important as the monthly will be.
This tether/bitfinex/binance news is just too much of a coincidence for me.
If all of that resistance is broken that easily, then the support it holds can be broken that easily too.
The weakest hands are of those who fomo'd in.
F&G index: Extreme Greed
NVT is screaming to dump.
Who knows! Hope yall being safe with yo trades.