Not much of a change. Still pointing down. We will see when/if it crosses 20K what the buy situation looks like. Its too early to tell, but I dont see a turnaround anytime soon. I am expecting sub 20K at least. The instiitutionms are out for the time being.
It can be 1,2,3 years before it attempts to make a new high. If you can trade there will be opportunities within the down trend and accumulation phases. But i'm not too confident, in the short term at least, that we are going to see any substantial moves to the upside.
All you can do is wait and get better at reading a chart in the meantime. There is FX and other instruments as well. Oil, gold, various futures, stocks... But as far as crypto, i think its going to be a while. Unless you know how to short and are willing to take that kind of risk.
One thing you can try to do for practice is invert yoru chart. Its the same thing in the oppsitite direction for the most part and its actually a really good way to practice analysis.
And iif you can afford a pro account, it will serve you well for practice. You can go back years and years and practice in replay mode.
It can be 1,2,3 years before it attempts to make a new high. If you can trade there will be opportunities within the down trend and accumulation phases. But i'm not too confident, in the short term at least, that we are going to see any substantial moves to the upside.
All you can do is wait and get better at reading a chart in the meantime. There is FX and other instruments as well. Oil, gold, various futures, stocks... But as far as crypto, i think its going to be a while. Unless you know how to short and are willing to take that kind of risk.
One thing you can try to do for practice is invert yoru chart. Its the same thing in the oppsitite direction for the most part and its actually a really good way to practice analysis.
And iif you can afford a pro account, it will serve you well for practice. You can go back years and years and practice in replay mode.