Most people are expecting for crypto to go lower. I read every single day comments about bitcoin at $2000,... When you look at these charts, I see something totally different, I see very strong support. Also as you mentioned 200 DMA is still rising. It’s obviously not a disaster as many say. We are at this corrective cycle. There was already about 6 or 7 of them and it always was the same. At its lows people called for the end. It’s just another cycle. This time is not different. As of now I’m happy with my investment, and I can’t wait when we finaly start talking about bull market, about rising above 200 DMA and making higher highs and higher lows. Base on what I hear, there is just no way it won’t happen.
BTW: nice bounce today!
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The psychological indicators are important to watch. Just like when everyone was talking 50k it was time to take something off the table, now when everyone is talking the opposite is when it's a good time to up the ante.