From the beginning of this pump in april I'm confused. All these runs seems fake and whale pumped and no new money is coming in. I get only bearish signals whenever i check charts but whales fuck all the TA and fundamentals. Can somebody with good knowledge clarify the scenario ?
I always say that TA works until it doesn't. BTC is not only a tradable asset, but it's also a novelty on the market and has a steadily increasing, although limited supply. This is different than your typical stocks, that's why you cannot blindly follow TA. Now, about that new money, the market cap has increased this week, so new money had to come in. Even if it were to be the old money, the money that people got by selling on the way to 6k, it's still fine. I'd be very happy if we managed to recover 50% of what we lost in the first 2 months of this year.