Bitcoin 1W Analysis
Super simple chart.
I expected a far stronger dump by now. Due to that not occurring, I have started entertaining the possibility that we might not have a strong selloff. This would fall along my thinking that stronger hands are now in control of the market.
Above I have indicated the similarities between our current price action and that of 2017. Volume is lower, but no longer on track to becoming completely abysmal. I have re-entered 50% of my cryptocurrency positions, hammering the ETH/USD ratio especially due to the drop vs BTC.
I expected a far stronger dump by now. Due to that not occurring, I have started entertaining the possibility that we might not have a strong selloff. This would fall along my thinking that stronger hands are now in control of the market.
Above I have indicated the similarities between our current price action and that of 2017. Volume is lower, but no longer on track to becoming completely abysmal. I have re-entered 50% of my cryptocurrency positions, hammering the ETH/USD ratio especially due to the drop vs BTC.
Penafian
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