This looks like a good opportunity for the MMA50 to cross MMA200. Might be a weekly ascending triangle that would line up well with the MMA cross. Same thing happened in October 2015 as well.
The top before Oct cross, almost crossed. That pump did 95% (from bottom). This summer pump did 340%! Isn't that a sign for a super cycle(?).
Sidenote: Without this summer pump Everyone would be suuuper bullish right now. If you look at it, that pump equals out the fall from 6300.
I get a feeling a lot of people are in disbelief that this 6 month bear market have ended. So people want to find shorts. When they realize it in fact is over, they will give up and try to long instead. Then BTC drops on them. Typical whales. ;P
A lot of altcoins are cooking too.
The top before Oct cross, almost crossed. That pump did 95% (from bottom). This summer pump did 340%! Isn't that a sign for a super cycle(?).
Sidenote: Without this summer pump Everyone would be suuuper bullish right now. If you look at it, that pump equals out the fall from 6300.
I get a feeling a lot of people are in disbelief that this 6 month bear market have ended. So people want to find shorts. When they realize it in fact is over, they will give up and try to long instead. Then BTC drops on them. Typical whales. ;P
A lot of altcoins are cooking too.