$30-40k run

Woke up this morning to see Bitcoin tickling $30k which is always nice, I’m assuming we will have to see multiple tests and rejections before we move onward towards $40k area. With data showing more people are positioned long I’m not expecting any huge jumps due to shorts being liquidated en mass more of a gradual bleed of the net short positions. Interesting to note that we are currently at or nearing 100% profit for anyone who bought at or around the lows and I’m assuming that will add to the slow nature of the next leg up as people (rightfully) take profit. Also on the longs side will be potential coverage of this rise over the next few weeks, spiking peoples interest once again in BTC and causing fomo, alas the cycle continues.

First would like to see a solid retake of the $30’s which we are very far from currently so let’s wait and see.

GL all.