Quote from: buwaytress on Today at 11:21:44 AM

Quote from: JohnBitCo on Today at 08:37:42 AM

I frankly admit that i was wrong in this analysis that the big wick was the market cycle top. Bitcoin has now made another all time high above 49,000$. Perhaps, fundamental events like Elon Musk buying bitcoin news made the technical analysis invalid. No one know what is the market cycle top for this bitcoin cycle now.

You know, you're wrong whether you admit it or not;)

But don't worry, I was fooled too. I was short-term (and probably still am) bearish but every time we get a new ATH like today I'm wondering when the pain will come, or if it will be put off to a farther future.

I doubt Musk is fundamental though. It's good momentum catalyst but you can't be relying on unexpected boosts like that all the time.

Perhaps we have this bearish feeling each time bitcoin reaches ATH, because we have seen the previous bear market when bitcoin struggled to cross 10k.
The current prices seems to much high and therefore we have this fear of big dump, though it may not come this time.