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All I am seeing is constant bearish posts.
I am a bull, so my algo feeds me bull stuff a lot...
But that is not what I am seeing.
During this dump we have reached the most oversold conditions, and heavy capitulation.
The longest period of time spent in extreme fear, ever.
This is has warped everyones minds and the only thing they now see and expect is red.
Shorts have been easy, and traders have got too comfortable.
Many have sold their bags, so they actually want lower also.
In markets, almost always, people want higher.
But there are rare times where there are just as many, if not more people, that want lower.
And this is almost always after those capitulation events we saw on the drop to $60k because so many sold.
But what this creates is the fuel for higher.
Comfy bears continue to short every move up convinced it has to go lower...
Convinced the 4 year cycle has to play out.
And then eventually capitulation sellers FOMO in higher, causing the peak of the initial relief run.
And I am getting the feeling this is where we're at.
The market doe not give the sort of people who sell the bottom the chance to get back in lower.
Let's see how it progresses.