Agreed.
bull market maybe just started, i do not expect it to go straight up. pull back to 140 is possible, but we wont see any tripple bottom, this time is over now i think.
the double bottom looks very impressive on the 3d chart. 100k is gone forever
i would welcome some small correction, bulls also need to rest and reload if they should go for 190 next week. looking at the bigger charts one can easlily guess this might just be the beginning of a much bigger move. shorting here is only for people who really know what they are doing, all others are better of just buying at the dips or dont buy at all(assuming you allready got some).
way up will be very hard, no question.
Unfortunately there is no proof of bull market. Only short term perhaps (1-2 mo term).
It even did not touch the highs we had on Xmas not to mention the high before that high. I wonder how do you define a bull market but IMO bull market is when there is ATH broken. Now even local highs are not broken thus the bear market continues.
In my opinion we certainly broke the longterm downtrend (and bearmarket), so we are currently in a bullmarket. I am not saying this is a longterm bulltrend (time will tell and tides can turn), but it is certainly a short term one.
To quote myself:
The break of the long downtrend:
Note: this is drawn from the 0.01 top, if you drew it from 0.0051 it broke as well.
Also some definitions of bullmarket:
A financial market of a group of securities in which prices are rising or are expected to rise. The term "bull market" is most often used to refer to the stock market, but can be applied to anything that is traded, such as bonds, currencies and commodities.
A bull market is a period of generally rising prices. The start of a bull market is marked by widespread pessimism. This point is when the "crowd" is the most "bearish".[5] The feeling of despondency changes to hope, "optimism", and eventually euphoria.[6] This is often leading the economic cycle, for example in a full recession, or earlier.
