Right now we have few facts and lots of fomo
Welcome to my very first post!
Am I the only one that sees bearish price action that can bring us back down to the 30's? Possibly below but I don't think the channel we are STILL in wont break so quickly based on the previous 3 month consolidation cycle. Bulls should want boring sideways for now for a bigger move up on the macro. Bears just want to tear us down in the 20s which should have some serious buy pressure if it holds for a retest up.... but that's all conjecture.... for now i am not sold on a bull market.... possibly a medium term low (at 30k) but again not sold on it.
everyone is jumping the gun. we have so few conformations as of yet: one higher low... yawn
Ideas that completely agree or disagree are welcome.
May the number gods have mercy on our portfolios
Cheers,
Philipp
Am I the only one that sees bearish price action that can bring us back down to the 30's? Possibly below but I don't think the channel we are STILL in wont break so quickly based on the previous 3 month consolidation cycle. Bulls should want boring sideways for now for a bigger move up on the macro. Bears just want to tear us down in the 20s which should have some serious buy pressure if it holds for a retest up.... but that's all conjecture.... for now i am not sold on a bull market.... possibly a medium term low (at 30k) but again not sold on it.
everyone is jumping the gun. we have so few conformations as of yet: one higher low... yawn
Ideas that completely agree or disagree are welcome.
May the number gods have mercy on our portfolios
Cheers,
Philipp
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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.