Bitcoin! The bulls have won the battle - but who wins the war!?
Hey guys!
I'm definitely feeling a bit bullish on bitcoin today.
Technicals are great, but I feel that too often TA on TradingView neglects the emotion of the market as an indicator.
Lately, we've been hearing much about $5k, even from Tone Vays - who I respect.
But, even the best of technical analysts, or the smartest of us, can fall prey to emotion - we're Human! That's what makes us great.
Are these bears falling victim to this scenario? Of that, I'm not sure. I do know, that when I got into crypto last november, all I could hear about was $30k Bitcoin , $50k Bitcoin, etc!
Is the inverse of that scenario happening now? Well, I think just maybe that COULD be the case. I am not a professional, but that thought has been floating in my head ever since we bounced off 5750.
Here's my bullish scenario (as a bear) and my trade conditions. Good luck everyone!
I'm definitely feeling a bit bullish on bitcoin today.
Technicals are great, but I feel that too often TA on TradingView neglects the emotion of the market as an indicator.
Lately, we've been hearing much about $5k, even from Tone Vays - who I respect.
But, even the best of technical analysts, or the smartest of us, can fall prey to emotion - we're Human! That's what makes us great.
Are these bears falling victim to this scenario? Of that, I'm not sure. I do know, that when I got into crypto last november, all I could hear about was $30k Bitcoin , $50k Bitcoin, etc!
Is the inverse of that scenario happening now? Well, I think just maybe that COULD be the case. I am not a professional, but that thought has been floating in my head ever since we bounced off 5750.
Here's my bullish scenario (as a bear) and my trade conditions. Good luck everyone!
Trade closed: stop reached