Can this be the end of the euphoria?
Everyone is overexcited because of the Friday’s pump. However, a lot of people are still calmly , my common sense tells me that we’ll face a “long” consolidation which will end with dump to lower levels. There is simply to much resistance and I’m not sure that there is enough momentum to destroy the shorters . IMO the best thing to do is to either stay out from the market or to put small orders in case we got a BART or a because the move will probably be very vertical! I’m still short but I can take to get rekt (my positions are already underwater). I don’t think that we have hit the bottom (because the euphoria with BTT and all the hype around the last pump, crypto space will need quite some time to be attractive again for the mass consumer, don’t let the small moves distract you from the fact that during 2018 90% got rekt/scammed by ICO’s . Its just too soon to think about bull runs again)