Thoughts BTC 2/14/22
It seems to me that sentiment is pretty low right now. Expectations for fed bungling of inflation efforts, stocks bearish even after significant fall. World political / economic outlook pretty bleak. Supply chain issues as a fundamental suggesting a generalized slowdown. So a bear attitude is the most natural thing in the world. It "feels" like the market is going to dump in a historic way. But that feeling is fear. And they say to buy the fear.
I think we have a lot of this negativity priced in already. I'd expect a shock to drop BTC price a bit so whales can get the best price possible but my sense today is BTC and the crypto market in general will get at least a breather in the coming weeks. Probably another leg up.
We'll see. I'd definitely set a stop loss on any longs I take in the near future. But I am more likely to long than short at the moment.
By the way, those indicators are my own slight mod of LUX Algo Nadaraya Watson Envelope. Kind of intriguing results lately.
I think we have a lot of this negativity priced in already. I'd expect a shock to drop BTC price a bit so whales can get the best price possible but my sense today is BTC and the crypto market in general will get at least a breather in the coming weeks. Probably another leg up.
We'll see. I'd definitely set a stop loss on any longs I take in the near future. But I am more likely to long than short at the moment.
By the way, those indicators are my own slight mod of LUX Algo Nadaraya Watson Envelope. Kind of intriguing results lately.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.