Are laser eyes/single issue voters/NFT owners/shitcoin bagholders the new Goldbugs? Maybe they are, if so this would be the kind of move to expect here... I'm mostly bearish due to sentiment and various fundamental factors as well as technical elements that make me think the long term trend is over.
I will monitor action, but I suspect it will act similarly to this, probably best to not short as you make less money than going long after down swings bottom out temporarily, but over time this will get hard to trade even on the long side. Short term traders likely will be able to navigate the murky waters easier than people expecting big one directional moves up or down. My preference is to not trade until a really solid long term capitulation and bottom forms. I would be ok with trading 1h trend signals using automation if anything, or daily reversals for quick swings for a couple days or weeks tops, but need to be very selective. Buy and hodl or short and hodl won't work.
probably not yet, maybe after January/February 2022...
flowerheart
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The American printing press is still printing money. NASDAQ still hasn't reached the top. Will btc and eth break new highs together with NASDAQ? This situation is what I don't want to see. If there is linkage, there will be a bear market that lasts for several years
flowerheart
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@flowerheart, There is a data long-short ratio on the okex trading platform that has reached 0.68, which means that there are too many air forces. The last time it appeared was last year's 312 and last September, which made me feel that the situation is not good