BTC Longs Coming Off AllTime Highs This Started Initial UpTrend

As BTC Longs surpassed all time highs this past week which was set back at the end of December 2019 then leading to a drop off at those levels between January 2nd and January 4th starting the bull market and the most recent uptrend from $7K to 10.5K levels. Now that we have created a new all time high again with BTC long positions and have begun downtrending from this level as the masses become bearish we will see the same situation ensue as back in January 2nd - January 4th, Retail traders getting out of their longs, becoming bearish and then FOMO back in fueling the next leg up in our bull market. Look for continued pressure down overnight into Tuesday from a spike in fear as everyone comes back from the latest presidents day holiday on Monday only to FOMO back in at a higher price later this week. More support will be found at the bottom of our bull market parallel channel $9.46K BTC/USD level Which is a Fibonacci Support level. Longer term outlook looking towards the end of February expect slower grind up to recent swing highs creating a right shoulder/handle of the cup and handle on the Daily setting the stage for TA explosion to new swing highs above $10.5K levels at the beginning of March as the masses begin to agree on the larger macro picture leading into the halving.