Patience is key. There's something interesting to notice. Everytime we're having a BTC bounce towards a LOWER HIGH, people all of a sudden become euphoric & bullish, claiming the bear market is over. There is no reason to be bullish at all. Old supports are turned into new resistances. Right now, BTC is doing nothing but confirming a new resistance around...
I love to boil things down to an essence. Everytime BTC broke through one of the white support lines, it took an average of 6-7 days to achieve a new spike low. Thus I expect BTC to retest 5.8k$ in the course of the next week, forming a double bottom. Stoch RSI is moving within the oversold range, so a bounce from there is not to be excluded. Anyways, I...
Bitcoin dominance is coming back. In the past 3 months we have seen bitcoin take back 10% of the cryptocurrency market. That money put into bitcoin is not being brought in from outside the market, but instead being stripped away from alt coins. In my opinion ETH is a project worthy of many more billions to come, but today is no time to be buying ETH simply...
Understanding market cycles 101. "We can't avoid the inevitable, we can only plan for it." Human emotions are always the same and we have to know the next psychological factor that will happen to the market then we plan what we're going to do.