Is the bullish momentum over?

We all see how cryptos are again on everybody's mind, and how they had a very big bullish momentum, but is this momentum over?

Well, my answer is no, for a simple reason, the market always wins, as simple as that.

If you don't believe me, go and see the all time S&P500 graph, always goes up, on the very long term, of course.

But despite the market's price change, the really interesting news here is the next one.

Exchange-traded funds are set to overtake Satoshi Nakamoto, the enigmatic creator of the cryptocurrency, as the largest Bitcoin owners this month

For the first time in Bitcoin's history, the ETF's or anyone for a change, will have more BTC's than Satoshi Nakamoto.

This milestone was achieved in only 11 months despite analyst's expectations for 3 or 4 years. This is telling us more about the market than we could possibly image.

What I take out of this is the fact that more and more people are into ETF's, into cryptos, into markets etcetera.

We just don't trust "traditional banking" no more and we don't trust others with our money, althought if you put your money in an ETF is still now yours, but you get the idea.

So this will make me trully believe that crypto bullish momentum is not over, and it will not be over for a very long time, in the very long term, of course.

But...

"How can you say the bullish momentum is over, for now, if BTC surpassed the $100k mark?"

Well, simple, this trend for me was just a parallel trend of the market, a simple diagonal trend, charging impulse for the next wave, not even a corrective trend.

And a fast analisys for my own trading positions made a few days ago, looked like this:

I got into the market at $96.5k and got my exit point at $98.5k, to get into the market again at $95.5k. I was off, for now, by only $19.

The red line is $98.5k and the yellow one is $95.5k.

So as you can see, I don't only bring you my thoughts, I also try to "back it up".

Let me know your thoughts.