The FOMO pill is real with bitcoin. By now we've gone far past fundamentals (transaction volume stagnant). I'd be careful around these levels with possible time bombs (tether/finex). It appears we may be entering a new channel, by all means climb aboard but be wary of exuberance & uninitiated investors (lunch break coworkers).
We will have to wait and see if this channel holds and finds support. Possible parabolic advance in play.
Or maybe this asset is still vastly undervalued...who knows.
I would suggest everyone find yourselves more greater fools.
We will have to wait and see if this channel holds and finds support. Possible parabolic advance in play.
Or maybe this asset is still vastly undervalued...who knows.
I would suggest everyone find yourselves more greater fools.
Comment:
We bounced off the channel top perfectly, this could be signalling a faster rate of growth. If price holds, could expect a parabolic advance