- Nice boucing from D1 at the key structure level - Tested short EMA from an effort to reverse its previous downward structure. - It's clear path for positioning if you have not done yet - Still a lot of long-term holders from on-chain data
Blunder after blunder... That's rough. All good just re-evaluate and comeback stronger 💪
When the BTC twitter frogs go quiet and their ego is shattered that's when you know BTC sentiment is at rock-bottom. AND when they start to detests it that's when you enter 😁 Twitter is surprisingly useful to help determine bias when comparing it to fundamentals and technicals. For BTC at least...
DatTong
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@Mecka, It's not about BTC itself. it's about the whole theme that is not supporting to be risk-on in consistent mode during this time. We need to expect a sideways mode for months before the current theme of whole market to build up risk on. That comes when there is a turn around from central bank's policy that is different from market expects.
Mecka
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@DatTong, Yes agreed until growth prospect aren't uncertain and inflation abates. Risk wont have much to work with.
But who knows how BTC will act when all is done. It will likely go back do being inflationary hedge during the green transition. Anyways Good luck!
When the BTC twitter frogs go quiet and their ego is shattered that's when you know BTC sentiment is at rock-bottom. AND when they start to detests it that's when you enter 😁 Twitter is surprisingly useful to help determine bias when comparing it to fundamentals and technicals. For BTC at least...