Seams that Bitcoin is in for a pump!
The market is short, scared, there are a lot of bad news and some blood on the streets. There are good moments to be contrarians.
The previous two dumps were very fast and so we need some consolidation. Consolidation takes place by going up and down until we define a trend or level that the market agrees comfortably.
The risk is big, but the reward is great too. Technical analysis indicates the market will go up. Doesn't say how much. There are moments to short and moments to long.
The market might still go down more, but also it might never go down as much. Making a stop loss is critical.
A lot of investors/traders are waiting for an opportunity. Specially the good ones, that sold on the all time high this year and didn't get in yet. Smart money goes in when people fear the market.
This moments are hard to come by. This times define the good from the bad traders. The ones that stick to rules and not the gut.
This is a roller coaster ride. Amazing!
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