In this video, I explain why I've become more bearish on the cryptocurrency market. I also talk a little about stocks, Microstrategy, and about bubble-like behavior. Of course, there is always the possibility that my bearish view will get invalidated. It took a lot for me to get here, so perhaps the market has just broken me :) It wasn't easy for me to become bearish, hence the title. I've been in the market for 4 years, so letting go does not come lightly for me. Perhaps this proves that the market will make EVERYONE truly question it at some point. On top of the technicals, I did write a post recently why I am fundamentally skeptical of cryptocurrencies in their PRESENT state. That post is linked below.
These are my opinions and thoughts only - they are not meant as financial advice.
Thank you for watching!
-Victor Cobra
These are my opinions and thoughts only - they are not meant as financial advice.
Thank you for watching!
-Victor Cobra
Comment:
With the UO this low, and touching the bottom of this channel, it's possible TOTAL shows a bounce here. Breaking below the channel would be horrible. Sentiment is already so low, so I guess we'll see.
