$30,000. It feels like, an inevitability at this stage, doesn’t it. But how? Isn’t 50% gain in a few weeks meant to exhaust buyers? No. Uh, probably not. I’ll explain why in this video.
Plus, we’ve had the re-emergence of the “alt-season” rhetoric rearing it’s head yet again this week. I will share some pretty strong opinions that I have on that particular subject. So seeing how we blew through $25k like it was no big deal, $30k was looked at by many traders to be the next level of resistance, because... it’s a big round number. Great logic. But that’s how trading uncharted waters goes I guess. Anyway this number was front run by people who wanted to make sure they get sold before any retracement occurred. Few percent away as of filming.
Disclaimer: I am not a financial adviser and this is not financial advice.