Just laying out some thoughts on 
BTC for myself. Everyday I want to be a little bit more bullish but overall I'm remaining very cautious because I believe that if we fail to cover substantial ground in early-mid Q2 we will see new lows instead. However, both the crypto and traditional markets are potentially in a bullish divergence right now and I have to recognize that. Reclaiming that 46-47k level that everyone has been talking about would probably see a lot more sidelined $$$ step in. I still hold some bags and they are not underwater but I am mostly liquid since late November and for now I remain somewhat skeptical of jumping in hard.
BTC for myself. Everyday I want to be a little bit more bullish but overall I'm remaining very cautious because I believe that if we fail to cover substantial ground in early-mid Q2 we will see new lows instead. However, both the crypto and traditional markets are potentially in a bullish divergence right now and I have to recognize that. Reclaiming that 46-47k level that everyone has been talking about would probably see a lot more sidelined $$$ step in. I still hold some bags and they are not underwater but I am mostly liquid since late November and for now I remain somewhat skeptical of jumping in hard. Note
The day after I posted this: BTC leaps to that critical level (47.2k at the time of writing) and it is Monday which means we got a very important and potentially exciting week ahead. As I previously mentioned, if we break through here with relative ease I then expect us to go all the way to at least 58k before any real retracement (sidelined $$$ eager to enter in this scenario). Everyday a little bit more bullish but again still cautious!Note
Still fighting the range, one thing is sure: wherever we go from here its gonna be a big move (up or down). A lot of people trying to short this wanting it to be a dead cat bounce and not believing in a bullish divergence. Likewise, bulls already talking 100k and completely ignoring that we are not out of danger yet. I remain a cautious mini bull until we can see 50 keks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.