Finally the bull market is arriving. BTC has been breaking through every barrier it has reached so far. Recently it looks like it is just about to break through the 9400 dollar sell wall. The rest of the market is reacting very well as it usually does in the onset of a bull market. Everything is going super well for the first time in a while.
Good Luck Traders,
The Elysian Team
Be careful when "everything is going well" and stuff like that. As great as this pump has been for the traders, I don't think that it's safe yet to classify this rally as the start of a bull market, or at least one of the magnitude of 2017's bull market.
We just saw BTC prices correct again after it came close to the $9500 mark, which is the major resistance that is currently holding back the bulls. Markets have moved sideways for around 7 days now without any upward momentum.
To be completely realistic, I'd be extremely cautious of buying in right now if you're not prepared to hold for the long term. An adjustment has to come sooner or later due to the fact that prices have absolutely skyrocketed in consecutive weeks, and an adjustment is always the end result before further rallies in cases like this.