>BTC breaks multiyear trend line violently
>violently retests
>hasn’t even broken that trend line to the upside yet
>bulls are euphoric
Bear markets have a tendency to trick bulls into thinking it’s over and done with, repeatedly, until bulls are so fucking disillusioned they almost don’t want to continue life since they’ve watched their portfolios bleed.
Until that happens I’m not fucking buying.
Bulls are at peak smugness
Blake Williams
Charles Rivera
>Bulls are happy tether is printing billions to pump their shitcoin and will soon exit scam
ok
Oliver Lee
Yeah exactly
Nathaniel Jenkins
Bears are literally waiting on the sidelines with billions in USDT and will start fomo when we breach 10k again. Then the fun really starts. I'm not fucking selling bobo.
Parker Evans
>tether will give up their infinite money machine because now they've had enough
Yeah but... no
Alexander Hill
This happens every single time BTC takes a shit and then makes a rebound off the lows. People go full euphoric immediately. I'm not shorting but I am definitely bearish.
Colton Torres
There is so much money to be made for whales to short the market right now, and then pump it back up right before the halving. The dump is going to be fucking insane.
Asher Lee
Already sold off 1/3rd of their bitcoin reserves.
Isaac Powell
This is basically where I’m at. I don’t have a strategy to trade this so it’s not worth the risks of shorting an uptrend.
Once there’s a clear break I might go short but it hasn’t happened yet. This is a parabolic move. Parabolas break really hard.
There hasn’t even been an accumulation period.
Kayden Brooks
God I hope it dumps that would be amazing but I'm starting to feel like we bear bros fucked up