I have closed my positions, changed my perspective and started planning for the abandonment of Bitcoin. Research tells us that 'Google Trends' is a good indicator for how the stock market will move; if the search trend is categorized as 'financial'. Bitcoin is loosing daily hits which should be of concern to everyone. We will go down, but it's impossible to predict how far. A bear market can go on for over a year too. The other concern is that the market is about to end with three consecutive red days, which is called "three black crows".
Honestly, I did never think I would go to the other side: short.
Honestly, I did never think I would go to the other side: short.
Note
Take a look at Filbfilb's long term analysis and you will see the hype always ends:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.