Bitcoin might be on the edge of closing its 9th red month in a row this Sunday, and I guess that's another record for BTC in this regard, if it happens, but whatever goes down must go up...
However, whatever goes down must go up, but not necessarily when we decide for that asset to go up. I have a feeling that crypto will have at least a relief rally from here, if not a rebound.
It had too much negativity and capitulation attitude coming from crypto peeps lately.
I put my money where my mouth is, today, and opened a 10X long position on LTC. Litecoin looks underpriced atm imo and it would be a good time to gamble on it today.
Or at least that's what my gambler's mind is telling me.
I don't usually leverage trade, as a matter of fact I had to call a friend to guide me in this regard, but I said to myself I should try betting $50 on a relief rally in crypto and on LTC implicitly.
I would have opened a long position on HIVE, tbh, cuz it sure looks like pumping soon and it has had quite some volatile movements today, but I can't find it on the futures market on Binance.
The sentiment has been quite negative for a couple of months now for BTC and it's probably the time for a short pump... That's how I feel it. What do you think the market will do from here, now that it showed a bit of a sign of life, are we going up or down?
Thanks for your attention,
Adrian