Here is my view on the current rally
This is a massive bull-trap, analysing the 2014 - 2015 fractal I found the current arguments:
- The NVT is pending a huge sell signal
- The current rally is at the 0.618 Fib line just like in the previous bear-market
- You could make the argument that we capitulated (I strongly disagree), but we haven't seen anger and depression, witch makes me believe we are in the denial phase
- Everybody is screaming +100k per BTC despite the fact that we didn't even reach the ATH witch concerns me.
- If this is the beginning of the bull-market everybody should be in the disbelieve phase not making astronomical price predictions.
This is a massive bull-trap, analysing the 2014 - 2015 fractal I found the current arguments:
- The NVT is pending a huge sell signal
- The current rally is at the 0.618 Fib line just like in the previous bear-market
- You could make the argument that we capitulated (I strongly disagree), but we haven't seen anger and depression, witch makes me believe we are in the denial phase
- Everybody is screaming +100k per BTC despite the fact that we didn't even reach the ATH witch concerns me.
- If this is the beginning of the bull-market everybody should be in the disbelieve phase not making astronomical price predictions.