Like it or not, BTC bullish again already

8. März 2021

A lot of mad traders on TV today who for some reason didn’t scoop the 42,000/43,000 zone. BTC is most likely to sloppily follow the blue GANN trend line higher for now. A drop from 58 to 42/43 was a healthy correction chunk. Stop loss under 49,000 which would only invite another discount. In that scenario I would expect big buyers to step in again around the 46,000/47,000 zone. I think it’s highly unlikely to catch another chance at 42,000 =/< zone and anyone waiting there may miss the last bus FOR NOW. Dollar pressure makes this trade uncomfortable but few trades have been comfortable with btc in 2021. The global consensus is its value should be north of a trillion and I tend to agree. Anyone leaping to grab a 10 yr commitment for barely 2% has an odd hat on their head.