Thoughts

Serious lack of fundamentals today so let’s keep the focus on BTC. It’s good to see Bitmex CEO is aligned with my views of this market and the potential bull-trap we witnessed earlier this week. It’s funny how the positivity & memes have died down across social media again as Bitcoin took a hit from $7,700 in rapid succession of reaching this zone, which tells me the forces pulling the market strings have achieved their goal once again.

With price falling just short of $7,800 .. I feel there’s room for that final push higher as the momentum to the upside remains but inevitably all eyes are still sub $6,000’s for me.

It’s always uneasy to see the possibilities of such a drop when the market is posting bullish price action & fundamentals, but the same can be said for when BTC was at 20K and everybody and their nan was screaming “100K next!!”

Because optimism & hope is one hell of a natural drug When I look at crypto I understand what comes with this market is extreme volatility short-term before longer term targets are achieved as whales treat BTC as a video game for their own profits and amusement, this is likely why there is a lot of criticism as BTC swings several 100’s to 1000’s of Dollars before targets are achieved, this is simply part of the cycle & must be embraced.....

They do this to mess your emotions up and depend on intra-day movements instead of the bigger picture. So for me..... Regardless if we spike higher, I’m BEARISH on breaking $6,000 until we see clear confirmation this market is reversing higher And if we suddenly break out and a bull run occurs? I have have been scooping up these low prices like no tomorrow, so we win regardless. Fortune favours the bold