Hello Fellow Traders,
Although we have a significant diversion in all time intervals we keep going higher and higher. We are in a overbought zone in RSI also I lost track of counting elliot waves. There had to be a correction sometime ago but didn't and still no sign of it. Instead we are making a surprising parabolic accelerated bullish run in the last 24 hours. Hours ago even the community's popular analysts were still talking about Bitcoins (almost) funeral. Now suddenly everything, everyone and everyword is changed. Talking about how glorious BTC's is. These are all alarming to me. So this last increase looks like a FOMO madness to me. And I consider it a danger zone. So Beware.
This is my opinion. Trade on your own discretion.
Although we have a significant diversion in all time intervals we keep going higher and higher. We are in a overbought zone in RSI also I lost track of counting elliot waves. There had to be a correction sometime ago but didn't and still no sign of it. Instead we are making a surprising parabolic accelerated bullish run in the last 24 hours. Hours ago even the community's popular analysts were still talking about Bitcoins (almost) funeral. Now suddenly everything, everyone and everyword is changed. Talking about how glorious BTC's is. These are all alarming to me. So this last increase looks like a FOMO madness to me. And I consider it a danger zone. So Beware.
This is my opinion. Trade on your own discretion.