Last week represented
the most bullish week for bitcoin since the genesis block was first mined, as it gained around $ 1,300 in less than 7 days.
Not exact matches
Hedge funds and other money managers raised their net
bullish position in the six
most important futures and options contracts linked to the price of crude and fuels by 45 million barrels in the
week to April 20.
With all of the majors holding up above key support levels, the overall
bullish picture is still dominant, and the rally will likely continue in the coming
weeks, with the long - term charts still supporting further gains in
most cases.
At this year's Asia - Pacific Petroleum Conference (APPEC) in Singapore last
week, the mood was the
most bullish since the 2015 APPEC annual gathering, with
most executives polled by Bloomberg predicting oil prices at $ 50 - $ 60 next year, compared to last - year predictions that we'd be at the low end of the $ 40 - $ 60 band.
FOMO Moments As we end the
week crypto markets are still looking
bullish and
most coins are on the way...
The lack of substantial
bullish follow - through in leading individual stocks in recent
weeks, the absence of leadership in
most ETFs (other than international ETFs), and the bearish pattern on the weekly chart of the S&P 500 Index (below) are all valid reasons to avoid the long side of the market now.
After a market bottom in October, the
week after is
most bullish, otherwise it is susceptible to downdrafts.
Each
week, more and more
bullish news is released and subsequently overlooked by
most of the media.