This is what many wanted to see from Cryptos and the leading coin, Bitcoin. I traded one tenth of my holdings, bought in 4370 CAD and sold at 4840 CAD had a juicy trade! though I missed the higher possible exit, due to my trading and money management strategy, I'm happy.
but what's next and what should we expect?
I still expect testing the 3000 USD Psychological support level. I believe the bear market appetite hasn't yet fulfilled. despite the current good news and sphere, the momentum is still against the market and it is better to have a bullish run after a solid change in the momentum.
So I prefer to be cautious in BUYING more at current levels.
The Psychological support level is NOT very important and strong support (3000 USD or ~4015 CAD) but it is seemingly to be tested. I even prefer to see that breaks and real strong support forms below.
Just after such pattern if occured, I can be hopeful of a long run bull market, which we all love to see.