We don't have much historical data to compare bull trends here with BTC but in my opinion this IS a different market now, completely. After the 3rd halving(Huge)..newfound investors, huge media attention and record breaking crypto wallet downloads being reported on the app stores(and growing still).. This is all good news for the digital currencies! Will our societies get rid of paper completely because of the corona virus?? And what if the corona virus was spread just for that sole purpose to push us into a cashless society?? Crazy but possible. I'm not much of a conspiracy theorist but this all seems too coincidental that in this time of worldwide crisis bitcoin is flourishing. Maybe it's just me.
Moving on:
With the data we do have I see that the last two big run ups were overbought on the weekly before they dump.(We are not overbought on the weekly)
The last two run ups didn't really pullback as much either.. In our current bull run here I see that we do have healthy pull backs and more periods of accumulation which is a sign of positive growth.
This is just my perception of the current market. I am bullish on BTC and wouldn't be surprised if we're trading above 14.5 -5k in November. Call me an idiot if it dumps. I'll be fine.
This is not investment advice by any means I just want to share my opinion and analysis.
Moving on:
With the data we do have I see that the last two big run ups were overbought on the weekly before they dump.(We are not overbought on the weekly)
The last two run ups didn't really pullback as much either.. In our current bull run here I see that we do have healthy pull backs and more periods of accumulation which is a sign of positive growth.
This is just my perception of the current market. I am bullish on BTC and wouldn't be surprised if we're trading above 14.5 -5k in November. Call me an idiot if it dumps. I'll be fine.
This is not investment advice by any means I just want to share my opinion and analysis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.