#btcusd (index) - Why I am staying neutral
Good morning everyone,
I do get asked alot if I am bullish or bearish at the moment, and if this might be the last chance to buy Bitcoin this "cheap". The answer is very simple. I don´t know. If you are bullish long-term and you don´t want to buy at 25k or 50k, than I´d say this is considered cheap for sure.
If you want to chase a low, this might be far too expensive for you. I cannot tell you, if 3k was consolidation low or now the 7.4k was the last local low before break-up. Fact is, this candle looks bright but has it produced something extremely bullish yet that makes me throw in all my money? No it´s not. That´s why I have tried to show you here, what my personal definitions of neutral, bullish and bearish are (sorry it´s so colourful today).
Considering we are just below primary, secondary trendlines, Quarterly Pivots, in the middle of the SAME 3D-Cloud we just broke down fulminantly (Resistance HotSpot), before we did not break the area around R1-Y 13k, I remain neutral, after that I will change my status to bullish, as long as we did not break-down the 3k again I remain neutral, if we do, I will change my status to bearish.
This can by the way still be both a falling wedge correcture (better bullish odds) OR a triangle forming (neutral).
Warm regards, Neru
I do get asked alot if I am bullish or bearish at the moment, and if this might be the last chance to buy Bitcoin this "cheap". The answer is very simple. I don´t know. If you are bullish long-term and you don´t want to buy at 25k or 50k, than I´d say this is considered cheap for sure.
If you want to chase a low, this might be far too expensive for you. I cannot tell you, if 3k was consolidation low or now the 7.4k was the last local low before break-up. Fact is, this candle looks bright but has it produced something extremely bullish yet that makes me throw in all my money? No it´s not. That´s why I have tried to show you here, what my personal definitions of neutral, bullish and bearish are (sorry it´s so colourful today).
Considering we are just below primary, secondary trendlines, Quarterly Pivots, in the middle of the SAME 3D-Cloud we just broke down fulminantly (Resistance HotSpot), before we did not break the area around R1-Y 13k, I remain neutral, after that I will change my status to bullish, as long as we did not break-down the 3k again I remain neutral, if we do, I will change my status to bearish.
This can by the way still be both a falling wedge correcture (better bullish odds) OR a triangle forming (neutral).
Warm regards, Neru
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