If this is a Bear Market rally it's doing really good. We took out and held the 200 day moving average. The RSI is still blown out and the MACD is about to crossover to the downside.
We've taken out the previous November 22 high of $21.5k and are still hanging around that area. If we could go sideways for a bit, we might have a chance of a Golden Cross. That's when the 50 day crosses the 200 day moving average on the way up. Not confident it will happen but I've seen crazier things. What are your thoughts?
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I think it is a trap. I just don't think it is going to last at all. I feel like there is another foot and it is just about to fall. I guess we will see though.
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I'd like to see it come back down and retest the 200-day @$19.5k. I think we'd be good if we could hold that and trend sideways. Keeping my fingers crossed!
I'm still waiting for $12K! I've got some stable coins ready to go for that!
$12k would be amazing and I'm sitting on some stable coins too. With everything that happened in De-Fi and it only dumped to $15k has me cautious of going that low. Maybe if Tether or Coinbase folded.
Yeah, I guess that is a good point. I'm still waiting for some of my DeFi stuff to pay off. I think I am going to be waiting forever!
I'm really excited to see how it plays out
Me too! Hopefully, it plays out to the upside.
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🤣🤣🤣
I think it’s a pump and dump. It will be back below 19K before the end of the month. But what do i know.
I hope so. I sold some Alts on this pump and hope to pick them up cheaper in the future.
There’s no reason for the pump.
I see it as a false bull run trap
It's looks bullish. Or it could go lower again then rises !