We just had a bull break over the highs of the bounce, after a very sideways day yesterday, and it went straight into a bear attack of support. The last few days continue to show me there is a lack of any retail volume moving prices, and we see the bots and algos all just reacting to each other with some significant, but extremely fast moves. Even all the way back to the 40% move, it was extremely fast which shows us the space is just lacking clear trends with follow through right now.
This is a catalyst for my patience to return/remain in the space. I have already been taking about 1 trade a week the last couple months and this is proving to be that is a good strategy to slowly tacking on some wins in current market conditions. I am staying zoomed out to the daily and watching the lower high pattern still intact as we see if bulls can change the daily trend for the weekly higher low.
There are some alt coins seeing some upside, but it is far from being sector wide.
This is a catalyst for my patience to return/remain in the space. I have already been taking about 1 trade a week the last couple months and this is proving to be that is a good strategy to slowly tacking on some wins in current market conditions. I am staying zoomed out to the daily and watching the lower high pattern still intact as we see if bulls can change the daily trend for the weekly higher low.
There are some alt coins seeing some upside, but it is far from being sector wide.
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