I expected a far stronger dump by now. Due to that not occurring, I have started entertaining the possibility that we might not have a strong selloff. This would fall along my thinking that stronger hands are now in control of the market.
Above I have indicated the similarities between our current price action and that of 2017. Volume is lower, but no longer on track to becoming completely abysmal. I have re-entered 50% of my cryptocurrency positions, hammering the ETH/USD ratio especially due to the drop vs BTC.
@amasiphoto, There's still a strong case to be made for a stronger retrace, which is why I only went long with 50% of holdings. But the volume of the selloff simply was not there, indicating a lack of sellers.