minsky momentum is still downloading with euphoria
There are 5 steps in minsky momentum
displacement boom euphoria profit taking and panic.
I personally belive that we are in the euphoria stage.
Some traders would analyze as this is the big step for the biggest bullish momentum but if you watch money supply and interest rate and also china's economy.
There are no clue to be go higher high.
I do have optimism with crypto currency but I don't think it is right time yet at the moment. specially near 50k is quite risky investment to deal with.
I took profit from 20k to 40k as euphoria stage was on the way.
But I couldn't match the over 40k bull run.
I will despite the fact that it went to 48k or 50k.
Euphoria will be smashed within few weeks or months soon.
Wait for the stage 5 panic. time will come I belive.
displacement boom euphoria profit taking and panic.
I personally belive that we are in the euphoria stage.
Some traders would analyze as this is the big step for the biggest bullish momentum but if you watch money supply and interest rate and also china's economy.
There are no clue to be go higher high.
I do have optimism with crypto currency but I don't think it is right time yet at the moment. specially near 50k is quite risky investment to deal with.
I took profit from 20k to 40k as euphoria stage was on the way.
But I couldn't match the over 40k bull run.
I will despite the fact that it went to 48k or 50k.
Euphoria will be smashed within few weeks or months soon.
Wait for the stage 5 panic. time will come I belive.
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let's see
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Bullish move recently but bear will take cover soon