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BTC/USD POSSIBLE CORRECTION
From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line.
From psychological point of view I see a lot of FOMO.
"bull run started"
"load your bags or stay poor"
"generational lows"
"what if I missed a bull run again. I need to buy now"
When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com/wp-content/uploads/img_620a3cd9a8957.png )
On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown .
This is only my point of view. Do your own research and trade your own analysis.
From psychological point of view I see a lot of FOMO.
"bull run started"
"load your bags or stay poor"
"generational lows"
"what if I missed a bull run again. I need to buy now"
When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com/wp-content/uploads/img_620a3cd9a8957.png )
On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown .
This is only my point of view. Do your own research and trade your own analysis.
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