3000$ income? "Everyone" is bullish but it doesnt feel right
Updated
Before the Corona drop, bitcoin went sidways and up for 10 days before dumping massively again. (Count 11 with the small red candle before the big one)
Now have gone sideways and slightly up (more up because the spike down was bigger).
After just a 20% increase these "LONG" and bullish posts are popping up everywhere.
And looking at H1 + H4, yes I agree. It looks slightly bullish.
BUT THE VIRUS IS STILL HERE.
Look at the stock market. DOWN DOWN DOWN. Everything is just going down the toilet. literally.
Bitcoin to 7k, bitcoin to 9k, 10k. I just dont see it happening considering the current world situation.
It just feels like a trap. And its probably working.
If bitcoin really hit the bottom, well then Fu.k me sidways. If bitcoin can show the world that it will decouple during a massive financial crisis, Holy F S.
I think that would trigger the most insane bullrun perhaps yet.
but for now, im not buying it.
Now have gone sideways and slightly up (more up because the spike down was bigger).
After just a 20% increase these "LONG" and bullish posts are popping up everywhere.
And looking at H1 + H4, yes I agree. It looks slightly bullish.
BUT THE VIRUS IS STILL HERE.
Look at the stock market. DOWN DOWN DOWN. Everything is just going down the toilet. literally.
Bitcoin to 7k, bitcoin to 9k, 10k. I just dont see it happening considering the current world situation.
It just feels like a trap. And its probably working.
If bitcoin really hit the bottom, well then Fu.k me sidways. If bitcoin can show the world that it will decouple during a massive financial crisis, Holy F S.
I think that would trigger the most insane bullrun perhaps yet.
but for now, im not buying it.
Comment
Well, considering my track record. Ive been wrong on every trade & idea I've posted on Tradingview. So if I'm bearish, market should be bullish. lol
Comment
theres a very clear Rising Wedge on the H1 chart thats testing the bottom of the wedge channel any minute now. Cant post pictures since im not paying for thisComment
well this is exciting. My short @ 6000$ got taken out (on the dollar exactly on binance) SL 6600. And right now it looks like a huge fakeout. In hindsight I've lost more money trying to find reason in this mad market than I would if I just took the initial loss and held my coins (for now).
Still think the overall picture is down for the next weeks but I'm giving up trading until bitcoin starts acting like bitcoin again.
GL to anyone reading this :)
In the end I hope we are all rich from high crypto prices.
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