Now it's a bit like, bulls are obviously out of ammunition, but bears are so scared that they haven't made a move.
The way I see it is that only the bears are truly out of ammunition. Bulls are only temporarily out of ammunition. We have seen a massive rise but still we have not seen even the smallest dip in the beginning of the weekend. I see that as very bullish.
I have talked to a few investor types recently, those that like Bitcoin but are not fanatics like me, and many of them think we are currently in a good buying position. In fact I see further increasing of positions from current investors and new investors next week.
Unless the market suddenly turns super bearish and starts to panic, which I think is unlikely absent very bad news, we will likely see further upside next week. There is still room to go up, I think.
That's exactly what I meant, bears could not even push for inches when bull were supposedly(proven wrong) out of ammunition temporarily.
Bears are fighting with limited ammunition, bulls have factorys making more and more ammunition everyday
