Keep your head when all about you Are losing theirs and blaming it on you, Trust yourself when all men doubt you, Yours is the Earth and everything that’s in it
1/ Here's an attempt at summarizing the market action and narrative. This is a hindsight bias explanation, not directly predictive in nature. In Oct-Dec of 2017, we got the standard crypto pattern of BTC rallying, then quality alts, then junk.
Very unfortunate that a new generation of traders completely misunderstand charting. Charting does not provide predictions. Rather, it can: 1.) suggest possibilities, and; 2.) identify asymmetrical R/r trades. PERIOD
"Abe’s future is increasingly in doubt as his cabinet’s approval rating slides to its lowest levels since he took office in 2012" https://t.co/sNAjK9Ybs5
$BTC making sense of the Bart.
Green = Accumulation
Red = Distribution
This is one of the most beautiful trading ranges ever.
I do know a lot of the buyers are people purchasing alts.
The question is who are the sellers?
Re-Accumulation = Moon time
Distribution = New lows
@Samir09141089 I think it's distribution.
Don't think the whales are charitable enough to lure everyone into BTC/Alts and then pump it up in a bear trend but who knows, maybe I'm just cynical.
I'll trade my signals anyways, I hope the daily closes my way so I can play larger TF tmrw.