O #BTC regained $80K with strength, even after the failure of the Clarity Bill and the FED Rate Hike.
We’re seeing massive liquidations of SHORT positions, plus many others being closed with large losses. This is further fueling the rapid price surge exactly as I already said: SELLERS would be used as fuel for the next run up.
Conviction in this market is what can make you a lot of money. Unfortunately, most people forget that and trade as if this were a casino. One moment they have opinion X, then opinion Y, and they constantly change their stance based on market noise.
That’s a fatal mistake.
I remember very well calling the bottom at $17K and, as it seems, I also called the bottom correctly at $58K. All the charts are here, and there’s no way to say I didn’t insist that people should buy in that range.
I also posted Onchain data tirelessly that supported the thesis that $58K was the bottom, but most ignored it and stayed out.
Not that I really care much about that. I keep posting daily because that’s what I like doing.
Anyway, the Bears should still have 1 or 2 more weeks. After that, buying pressure tends to become overwhelming, and there may not be any more time for them to try pushing the price to $58K again.
I’ve said it countless times and I repeat:
$98K is inevitable!
Soon we’ll reach a point where Traders can make a lot of money even faster.
Today I’ll update the Altcoin chart. After all, they’re outperforming Bitcoin.
We’re seeing massive liquidations of SHORT positions, plus many others being closed with large losses. This is further fueling the rapid price surge exactly as I already said: SELLERS would be used as fuel for the next run up.
Conviction in this market is what can make you a lot of money. Unfortunately, most people forget that and trade as if this were a casino. One moment they have opinion X, then opinion Y, and they constantly change their stance based on market noise.
That’s a fatal mistake.
I remember very well calling the bottom at $17K and, as it seems, I also called the bottom correctly at $58K. All the charts are here, and there’s no way to say I didn’t insist that people should buy in that range.
I also posted Onchain data tirelessly that supported the thesis that $58K was the bottom, but most ignored it and stayed out.
Not that I really care much about that. I keep posting daily because that’s what I like doing.
Anyway, the Bears should still have 1 or 2 more weeks. After that, buying pressure tends to become overwhelming, and there may not be any more time for them to try pushing the price to $58K again.
I’ve said it countless times and I repeat:
$98K is inevitable!
Soon we’ll reach a point where Traders can make a lot of money even faster.
Today I’ll update the Altcoin chart. After all, they’re outperforming Bitcoin.
