BTCUSD: Sideways market will frustrate everyone before moving
I'm starting to think that the extreme disparity of opinions regarding Bitcoin will lead to a sideways range that will end up frustrating everyone: both the late comer bulls who went in due to FOMO recently, who expect immediate upside from here, and the 'bears' who either sold too early and missed the move or got liquidated shorting or are holding losing shorts somehow.
I'm looking to buy back soon, possibly gradually over time, on any decent enough dip, while I monitor sentiment and fundamental developments.
The start of the next long term bullish trend will change depending on how low we retrace from July onwards. This is due to the nature of Time@Mode trends, I could explain the rationale if interested. For now, be careful if trading, the only people making money from here onwards will be liquidity providers likely, or exchanges!
At least until the next huge trend starts by either, September-October, January-February or March-April (2 month timeframe trend analysis).
Cheers,
Ivan Labrie.
I'm looking to buy back soon, possibly gradually over time, on any decent enough dip, while I monitor sentiment and fundamental developments.
The start of the next long term bullish trend will change depending on how low we retrace from July onwards. This is due to the nature of Time@Mode trends, I could explain the rationale if interested. For now, be careful if trading, the only people making money from here onwards will be liquidity providers likely, or exchanges!
At least until the next huge trend starts by either, September-October, January-February or March-April (2 month timeframe trend analysis).
Cheers,
Ivan Labrie.
Comment:
#BTCUSD has a 6 day uptrend signal, targets on chart, crypto markets will likely rally for 5 more days after today, giving us a good chance to hedge by the end of this signal
Comment:
Comment:
It sure did take until the March deadline to finalize the sideways period...
