the evening wall report
maybe 60/40 at this point....basically...its not bearish until it is right?
appetite is increasing...liquidity is high...spreads largish
have a great weekend!
"The trend is your friend" as they say. So yes, it's not bearish until it's bearish. Especially when price is continuing to move upwards, unless it get's heavily rejected of course!
Long-term bear trend has lost it's momentum. Short-term bull trend remains strong. 200 WMA reclamation incoming tomorrow for further upside potential.
Starting to eat away at that $24K resistance. I think we might see a quick hop up to $30K, but I’m still under the belief that a retest of the lows is possible when the mtgox coins are distributed.
Pretty sure you were saying before there would be no considerable relief rally such as to $30K or low formed until MtGox coins were distributed? Oh well, moving on.
I would say that will be the time to buy, but it’s quite possible everyone else is thinking the same thing, so we’re seeing big money trying to front run retail’s re-entry by buying all throughout this dip.
Nah, most people are thinking to sell already or when it reaches $30K. A lot like the $6K to $8K sellers in 2019 who "sold resistance" megalolz. Now
probably is the time to buy tbf.