BTC: Bullish but Wary
From a purely TA perspective, we can see that in the weekly, the next one to two months will be especially important for BTC as it climbs above the cloud into a bullish position and its lagging span is set up to cross into a bullish position. I want to see the lagging span become sustained over that duration to feel confirmed that BTC will sustain a long-term upward momentum.
The daily's bullish indication is reassuring, but I am keeping my eye on its lagging span just in case it might cross into a bearish position.
Beyond TA, I feel that this is the beginning of the bull run. I don't want to attribute too much to this factor, but I understand that it is a necessary component of my analysis; that the human emotion is inseparable from the supposed "reasonable and logical" trader. Much of the community is echoing such sentiment, and not with a beaten-down and disillusioned sense as felt in 2018, but with a real optimism and it's gradually filling the space.
I was initially going to write in a very bullish fashion, but this sense of optimism has caused me to become wary, and so I changed my rhetoric based on this information. As a consequence, I plan to maintain awareness of its existence in the space and in myself and to keep an eye out regarding what that means in terms of price action. If my bullish inferences are correct, where we see a general upward movement in price action over the next month or two, then I will be fairly certain to call this -the beginning of the next big bull run-.
The daily's bullish indication is reassuring, but I am keeping my eye on its lagging span just in case it might cross into a bearish position.
Beyond TA, I feel that this is the beginning of the bull run. I don't want to attribute too much to this factor, but I understand that it is a necessary component of my analysis; that the human emotion is inseparable from the supposed "reasonable and logical" trader. Much of the community is echoing such sentiment, and not with a beaten-down and disillusioned sense as felt in 2018, but with a real optimism and it's gradually filling the space.
I was initially going to write in a very bullish fashion, but this sense of optimism has caused me to become wary, and so I changed my rhetoric based on this information. As a consequence, I plan to maintain awareness of its existence in the space and in myself and to keep an eye out regarding what that means in terms of price action. If my bullish inferences are correct, where we see a general upward movement in price action over the next month or two, then I will be fairly certain to call this -the beginning of the next big bull run-.
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