Bull fakeout back to 7800 in epic Bull vs Bear battle.
Undeterminable due to the age of this market but new money is entering and bigger players can drive this cheaper to shake out weak hands. Always keep in mind what the big players are doing... If they choose to 'sell some coin' it makes a much bigger difference when they are moving 1000's of coins when you and I are moving closer to .5-2 coins.
Upside selling pressure is still high.
5th elliott wave seems to have met its end at the end of Tax Season so we have money re-entering the market yet big players pushing things down to see if people cave. It's hard to say whether or not to bet big before the big run off or guard and stay a bit in cash. I think staying a bit more in cash might be a good idea for the next 2 weeks while keeping money available to be nimble. Keep in mind as well that Bitcoin dominance is still down which means the bitcoin is to be flooded with money 'soon' yet... is that now or 1 month from now?
Either way it will be more that stock average return of 7% 12 months from now so you can't go too wrong by just jumping in now regardless.
Upside selling pressure is still high.
5th elliott wave seems to have met its end at the end of Tax Season so we have money re-entering the market yet big players pushing things down to see if people cave. It's hard to say whether or not to bet big before the big run off or guard and stay a bit in cash. I think staying a bit more in cash might be a good idea for the next 2 weeks while keeping money available to be nimble. Keep in mind as well that Bitcoin dominance is still down which means the bitcoin is to be flooded with money 'soon' yet... is that now or 1 month from now?
Either way it will be more that stock average return of 7% 12 months from now so you can't go too wrong by just jumping in now regardless.
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