BTCCNY: 3 day timeframe sentiment analysis
In this chart I show you how RgMov tells me how far corrections in an uptrend can go. In the case of Bitcoin, declines of 20% in RgMov, set up a great buy after sentiment peaks before the market runs out of sellers, and thus, turns into fertile ground for a reversal to the upside.
Since 2015's low in RgMov, the trend has been largely up, making any sizeable decline, an interesting buy. My posts have been mostly buy trades due to this fact, since I knew we would see prices climb back to all time highs over time.
If you have been following my trades lately, you should be in good profit, and like me, holding a core long term position, of coins we own, and some cash to be able to add up to 80% account when needed. We often rebalance the position, switching back and forth between max and minimum exposure, but always keeping some, at least since the Bitfinex hack lows happened, when it was clear the long term charts were 100% bullish.
Good luck and hope these observations help you.
Cheers,
Ivan Labrie.
Since 2015's low in RgMov, the trend has been largely up, making any sizeable decline, an interesting buy. My posts have been mostly buy trades due to this fact, since I knew we would see prices climb back to all time highs over time.
If you have been following my trades lately, you should be in good profit, and like me, holding a core long term position, of coins we own, and some cash to be able to add up to 80% account when needed. We often rebalance the position, switching back and forth between max and minimum exposure, but always keeping some, at least since the Bitfinex hack lows happened, when it was clear the long term charts were 100% bullish.
Good luck and hope these observations help you.
Cheers,
Ivan Labrie.
jus' sayin'