We are looking similarish to the 2018 sideways action for the 100 days before we had a huge dump down of 50% from 6k to 3k. Are we about to repeat it?
The big difference is that back then nobody expected a 6k dump. All social media was under the impression that we are about to pump higher.
I think a likely scenario is that we get lots of fakeouts. because, pretty much everyone expects lower prices (I think we have set a record on the bear positioning from all the investors including hedge funds etc), so those people need to be punished by breaking down, and then pumping back up a few times to frustrate the itchy hands.
What do you think?
The big difference is that back then nobody expected a 6k dump. All social media was under the impression that we are about to pump higher.
I think a likely scenario is that we get lots of fakeouts. because, pretty much everyone expects lower prices (I think we have set a record on the bear positioning from all the investors including hedge funds etc), so those people need to be punished by breaking down, and then pumping back up a few times to frustrate the itchy hands.
What do you think?
Stop loss in