I have said in a post not long ago, that I slowly turn bullish again.. not anymore kinda..
While fundamentally, I still see the possibility of the hype returning, technically, yes we broke the trendline, but the bounce has been super weak so far. Now we saw a drop last days , which is kind of normal after a breakout.
But I think we might not be done here and start dropping to like 7500-7800 kinda to start things off.
Here is the thing.. nothing currently has screamed the bear market ist over.. so far it seems like a failed breakout.
It is possible that we reverse somewhere between here and 6k and make a new high (and then take 11.8k out too..), but
so far, it seems like a very typical bubble to me.. just look at the weekly.
Which means, and this might not age well ;) : I think there is a higher propabilty than normal that we never see 8650 ever again for btc (8611$ at the time of writing). Higher than normal obv means it is still low.. anyway.
Bitcoin Cash on the other hand did have a very strong bounce hopefully we do not make a new low (< 500) again when btc drops < 5k and decouple us from btc at some point. That is what I am hoping for and why I not sell atm... that and the not small at all possibilty that I am wrong and we moon instantly from here.
I was hoping for the decoupling however for a long time, so far it has been pretty bound to the btc price unfortunately, now I am torn.
I sold my steem, also torn here, since we are about to break 1 million users.
Still have half of it in steempower left though.
