Dedicated to Emanance :D
No serious upswings without prior strong oversold to be expected in the current market situation. Just look at how the last breakout(?) has been sold off 100%, as if shorters woke up, saw the spike and were like "wtf are they doing lol, let's sell" (unprofessionally phrased).
"I think when most are bearish, is a good moment to go long" a.k.a. fading which I think is a bad practice -- all I can see in this regard is the reversal of the long-term accumulation of Bitcoin two weeks ago, making me open more margin shorts on every single overbought I come across until we finally get a real panic V-bottom (BTC never reversed mid-term in dips under 20% decline).
What do you think? Cheers!