Hi Guys,
As I have noticed, a lot of veterans from the last bear market didn't expect that price can move that fast and that high. This is good example of a market psychology. In which stage of the market are we right now? Rather I think that we are close to disbelief.
In this idea I wrote 3 scenarios. One is very bullish, I have spotted that bulls still pushing the price up without any complex. We have still some place to grow, but recently price stop twice on the resistance line, tripple top can the signal that we are changing direction. I have seen same movement in mid bear season, a lot of people were bullish but price have stopped and fall very deep, but we have to consider the circumstances and we are not in bear market anymore. Imo we don't have enough power to push the price up course lot of people want to take a profits here. But this is crypto we have to expect unexpected :)
If we will stop in the resistance, we have two options, one is big retracement to 6.5k second that we will stay in the range here, and we will waiting for a bigger move later. Those two scenarios opening a way for a new alt season. Alts have still some place to move down, but as much deeper they are, the closer we are to start.
Have a good luck my Friends!
As I have noticed, a lot of veterans from the last bear market didn't expect that price can move that fast and that high. This is good example of a market psychology. In which stage of the market are we right now? Rather I think that we are close to disbelief.
In this idea I wrote 3 scenarios. One is very bullish, I have spotted that bulls still pushing the price up without any complex. We have still some place to grow, but recently price stop twice on the resistance line, tripple top can the signal that we are changing direction. I have seen same movement in mid bear season, a lot of people were bullish but price have stopped and fall very deep, but we have to consider the circumstances and we are not in bear market anymore. Imo we don't have enough power to push the price up course lot of people want to take a profits here. But this is crypto we have to expect unexpected :)
If we will stop in the resistance, we have two options, one is big retracement to 6.5k second that we will stay in the range here, and we will waiting for a bigger move later. Those two scenarios opening a way for a new alt season. Alts have still some place to move down, but as much deeper they are, the closer we are to start.
Have a good luck my Friends!