Sorry to repeat myself:
$83 or so was on March 23rd an inflection point where we kicked into a higher rate of exponential growth.
This is where things got unsustainable and people started screaming "Bubble!" or if they were doing so already, shouting it even louder.
If we see the price dip and gravitate loosely around this point in the next few days we would be on a previous upward trend which stretched from Jan 9th to March 23rd and to some degree, beyond.
Bear in mind we are seeing a decent-sized bid wall at $76 and that the ask wall isn't so much a wall as a gentle ramp.
Pick your entry point, gird your loins and ride this up.
$83 or so was on March 23rd an inflection point where we kicked into a higher rate of exponential growth.
This is where things got unsustainable and people started screaming "Bubble!" or if they were doing so already, shouting it even louder.
If we see the price dip and gravitate loosely around this point in the next few days we would be on a previous upward trend which stretched from Jan 9th to March 23rd and to some degree, beyond.
Bear in mind we are seeing a decent-sized bid wall at $76 and that the ask wall isn't so much a wall as a gentle ramp.
Pick your entry point, gird your loins and ride this up.
That's exactly what I was thinking the whole time. I just missed my exit point, because I predicted it at 400-600. Now, all I can do is hold
.Great minds think alike
I think we will simply return to exponential growth along the original channel OP described here earlier (the black channel). As I said in the original thread, whenever we start wafting above the top of the black channel, the price becomes sensitive to any old reason to crash back down into the channel. If we correct below the bottom of the channel it will be time to worry.
Until then, I'll be yawning like a pro.