Everyone including myself keeps calling for a consolidation where a price retraction would allow the weary timid and very risk averse bulls to come back hard. However , I see the next upward leg happening now , with very strict adherance to the Fib values of the recent retraction as support as well as the Fib Extension values being targets for our resistive ceiling as bitcoin plays pong.
I'm
seeing the cancellation of long positions en masse as well as the short orders coming in hard yet there really isn't any reason other than speculation and theory. It is a perfect setup to shake out the timid as fortune favors the brave.
I'm going long to 72 -75k but if we hit those targets there's no reason that this should not be the test of 102k as we quickly set this cycles ATH and set up everyone to chase and FOMO while bears come out and pick at new investors money until the pain and tears from normie bucks finally creates the collapse and eventually sideways crawl until we come back and do it again.
I'm
I'm going long to 72 -75k but if we hit those targets there's no reason that this should not be the test of 102k as we quickly set this cycles ATH and set up everyone to chase and FOMO while bears come out and pick at new investors money until the pain and tears from normie bucks finally creates the collapse and eventually sideways crawl until we come back and do it again.