BTC bounced off the Cost Basis Lines and now the market on average is in profit or nearing so.
I don't see unusual profit taking activity from the market (Realised Profit Indicator) nor do I see specific anti-long market risk signals (BTC Price Risk Indicator).
I do expect to see a pullback, and a bit of re-test - working on the premise that most of the market is now comfortable being Long I am happy to remain Long and add to my Longs on re-test fails.
Risk factors: taxation of crypto etc., has been gained speed on Reddit etc., with obvious negative emotional reactions. Crypto can move fast, so I am weary of this risk - regulation can assist cryptos - however, the emphasis seems to be on taxation, and personally I have no confidence on consumer protection effectiveness of US regulations which seems to have already failed small shareholders unlike Conduct Regulation etc., of other countries. I am keeping on eye on this as a risk factor!
#Adam-Cox
I don't see unusual profit taking activity from the market (Realised Profit Indicator) nor do I see specific anti-long market risk signals (BTC Price Risk Indicator).
I do expect to see a pullback, and a bit of re-test - working on the premise that most of the market is now comfortable being Long I am happy to remain Long and add to my Longs on re-test fails.
Risk factors: taxation of crypto etc., has been gained speed on Reddit etc., with obvious negative emotional reactions. Crypto can move fast, so I am weary of this risk - regulation can assist cryptos - however, the emphasis seems to be on taxation, and personally I have no confidence on consumer protection effectiveness of US regulations which seems to have already failed small shareholders unlike Conduct Regulation etc., of other countries. I am keeping on eye on this as a risk factor!
#Adam-Cox
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.