the evening wall report
maybe 60/40 at this point....basically...its not bearish until it is right?
appetite is increasing...liquidity is high...spreads largish
have a great weekend!
"The trend is your friend" as they say. So yes, it's not bearish until it's bearish. Especially when price is continuing to move upwards, unless it get's heavily rejected of course!
Long-term bear trend has lost it's momentum. Short-term bull trend remains strong. 200 WMA reclamation incoming tomorrow for further upside potential. Simple stuff.
Think your cloud also says it all. Above $25K next week and we're plain sailing, bear trend on that time-frame broken if not mistaken. Even if no cross to bullish.
Starting to eat away at that $24K resistance. I think we might see a quick hop up to $30K, but Im still under the belief that a retest of the lows is possible when the mtgox coins are distributed.
Pretty sure you were saying before there would be no considerable relief rally such as to $30K or low formed until MtGox coins were distributed? Oh well, moving on.
I would say that will be the time to buy, but its quite possible everyone else is thinking the same thing, so were seeing big money trying to front run retails re-entry by buying all throughout this dip.
Nah, most people are thinking to sell already or when it reaches $30K. A lot like the $6K to $8K sellers in 2019 who "sold resistance" megalolz. Now
probably is the time to buy tbf.
