$BTCUSD: is this like gold after 2011?
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.
Cheers,
Ivan Labrie.
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.
Cheers,
Ivan Labrie.
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