At least it is slowing. Which is normal for a change in buyer sentiment. At the moment it’s looking pretty undecided. Which is exactly how I feel so it looks like I’m properly aligned today.
This turned out really well to fit the Gann fan. You can see really clearly how price is spending a long time in the wide areas and less time in the steep areas.
This should indicate to me that if there is indeed continued interest in the crypto market, that it’s sitting in a very good buy pocket.
The big challenge with trading in general (assuming you are looking to buy) is that to protect profits you have to buy before it’s entirely obvious. This makes it almost totally indistinguishable from when buyers are being suckered in before a push down.
For my life I couldn’t tell you if the bulls are patiently waiting for good prices before charging the market again, or if the bears are going to hold on and send us back to 2020 levels.
I’m a big believer in the positive changes these technologies will bring about in society, so I’m heavy on the bullish side. I have no doubt that these will long term pay me back quite well, however, I am worried that speculative investing could hold the market down indefinitely. All I can say is I hope the good guys win.
This turned out really well to fit the Gann fan. You can see really clearly how price is spending a long time in the wide areas and less time in the steep areas.
This should indicate to me that if there is indeed continued interest in the crypto market, that it’s sitting in a very good buy pocket.
The big challenge with trading in general (assuming you are looking to buy) is that to protect profits you have to buy before it’s entirely obvious. This makes it almost totally indistinguishable from when buyers are being suckered in before a push down.
For my life I couldn’t tell you if the bulls are patiently waiting for good prices before charging the market again, or if the bears are going to hold on and send us back to 2020 levels.
I’m a big believer in the positive changes these technologies will bring about in society, so I’m heavy on the bullish side. I have no doubt that these will long term pay me back quite well, however, I am worried that speculative investing could hold the market down indefinitely. All I can say is I hope the good guys win.