I have NO words... Sorry lmao!
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I can only think this is a pump and dump. Yes I have been expecting the price to rise but so fast so hard..??? Not this way, THIS IS NOT ORGANIC PRICE MOVEMENT (IMO)
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UPDATE @ 04:40
So the retracement has been slow, there are still alot of buying pressure and bullish momentum to remain above $10K, although I am waiting on the pullback to either test 10K as a support (which at this stage will be weak) OR a furthet pullback towards the $9700s.
I think this pump took us all by surprise, regardless of personal bias on either a break or rejection of the 10K mark but again I do think this was too fast too soon. Lets hope and wait to see if the 10K will hold as a resistance turned support or if we fail at this one time breakout. We will have another chance if we fail and sooner or later, it will become a support to break IMO.
Volatility this month is inevitable. I hope everyone trading these movements are smart with their risk management and do not FOMO into it ntil confirmation is verified.
(currently $10,114)
So the retracement has been slow, there are still alot of buying pressure and bullish momentum to remain above $10K, although I am waiting on the pullback to either test 10K as a support (which at this stage will be weak) OR a furthet pullback towards the $9700s.
I think this pump took us all by surprise, regardless of personal bias on either a break or rejection of the 10K mark but again I do think this was too fast too soon. Lets hope and wait to see if the 10K will hold as a resistance turned support or if we fail at this one time breakout. We will have another chance if we fail and sooner or later, it will become a support to break IMO.
Volatility this month is inevitable. I hope everyone trading these movements are smart with their risk management and do not FOMO into it ntil confirmation is verified.
(currently $10,114)