Long-term time frames are suited for drawing a probability on direction (and the only correct analysis is hindsight).
Midterm analysis is suited for drawing a probability on sentiment (and the only correct analysis is hindsight).
Short-term analysis is best suited for drawing probability on psychology of traders (and the only correct analysis is hindsight).
.. and if you were to ask about bias, my guess is it's only going to rise in value!
And I would suggest the point of trading is to increase your holdings.
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Let's say Hypothetically I have 50,000 units
At 80 cents I break even
At $0.30 I hold as I buy more units to lower my overall cost per unit. Already at 50,000 units my price movement is $500 per penny rise or fall.... Definition of value imo!
And I'm not selling anything DM me.
Comment:
My new rule never post while inebriated.