Novice traders think like this- Everytime market goes down, they are bearish.. Market goes up, everyone is bullish. Agree?
I'll keep this short and sweet.
Take a breather and look at the MACRO.... I don't think we get any more bullish than this. Triple Bottom on the Daily We just completed a retracement to the 618 of the entire last markup. This is where institutions will be reentering the market. Move with the whales. Your Long R/R is very favorable here. Movement from 4k -> 14k was only the first wave, we're going to enter the second. Divergence between network daily transactions and price action. number of transactions rising; price declined.
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Up we go! Momentum to the upside, I'll update this if any bearish signals arise
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Again... Funny how everyone was capitulating at the sub 8k region... Congrats to those who longed