My Marky,
Thanks for dropping by to comment...
What a sight for sore eyes! It's nice to finally see one good analyst who is predicting a bullish resolution. It seems like everyone else is licking their lips for a dump to $6000.
I believe many of those anticipating $6k's will get left behind. At least from the looks of the indicators currently.
THEN once the price action is taken up to the $9,300 to $9,500 price range, we will see many novice traders begin to experience FOMO and buy in at or near the top of the $9,300 to $9,500 move; ONLY to experience "fear" once again when the price action comes back down to around $8,300 to $8,600 price level.
That's where I intend to get back into the market. I want to see some strength from bulls first, then I'll buy into the pullback.
I would pay close attention to what the price action does here before legging up. If there is not a fairly decent pullback from here, the price action may act similar once the $9,300 to $9,500 price range is reached. We may not see a decent pullback until around the $10,500 to $11,500 price range.