Crypto has exploded from its lows which almost grazed the ever ol famous bottoming number of 3k that many Crypto investors had been targeting for a bottom for much more than a year.
Its funny how relative prices are.
Did we bottom or have we yet to bottom?
I have no clue. At 3.2k I was wanting to see some volume signature that resembled capitulation. But it didn't happen. Because I was never convinced of a bottom, i will remain skeptical about us actually starting a bull market. IT's certainly a bull run and Maybe this will simply be a range bound effort for some time as BTC gathers a few years of consolidation before starting a bull market. I am not sure, and neither are you, whoever you are. Which is probably why its important to have a conservative system to play the breakouts until things are more clear. I do not want to downplay the immense strength of BTC in these recent weeks, and the chart never lies. So, currently I am going to play any breaks to either direction and try to remove any biases.
But out of curiosity what do you think?
Plz vote below what you believe.. Moon or Doom?
Its funny how relative prices are.
Did we bottom or have we yet to bottom?
I have no clue. At 3.2k I was wanting to see some volume signature that resembled capitulation. But it didn't happen. Because I was never convinced of a bottom, i will remain skeptical about us actually starting a bull market. IT's certainly a bull run and Maybe this will simply be a range bound effort for some time as BTC gathers a few years of consolidation before starting a bull market. I am not sure, and neither are you, whoever you are. Which is probably why its important to have a conservative system to play the breakouts until things are more clear. I do not want to downplay the immense strength of BTC in these recent weeks, and the chart never lies. So, currently I am going to play any breaks to either direction and try to remove any biases.
But out of curiosity what do you think?
Plz vote below what you believe.. Moon or Doom?