Fear (of a loss) is stronger than greed (wanting more profits). I think fomo is somewhere in the middle.
One of the more stellar visualizations on the subject: https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/ There is so much room to grow.
A couple of BTC market profile charts I am looking at; 20, 5 & 1 day side by side and 20 days of daily profiles...
Lets see if my short term BTC Top Finder pegs this one or gets blown out by a Naysayer Bear Crushing Rally from Hell. Vwap from lows with 2 std dev (green) and a 24 hour ATR (yellow) added to the std dev.
BTC starting to tip-toe out of my upper volatility range. Have to wonder if a stab at/above 17k can hold in the short-term. Anyone who added at 5k earlier in the year is sitting on some nice holiday cheer, that they might want to lock in. ST capital gains always suck, but so does diminishing profits.
Looks like it has gone around 20% above your bands a couple of times. We'll just have to watch and wait what happens this time.