Alright Guys,
Bitcoin has moved back above $50k and I admit I don't know what to expect from Bitcoin for the rest of the year, generally speaking December is a strong month for Bitcoin, but I really was buying into the 4 year cycle narrative and it certainly doesn't seem like we are going to have the huge run many were predicting.
Last night when I asked Banjo about fear and greed the fear number was at 18 which is extreme fear. I tossed the image into Imgflip Meme Generator to mock up my feeling on the best times to buy and sell. When others are afraid buy and when others are greedy, sell. Through the most part of the cycle, I just hodl, I don't do a lot of day trading, but also.. not none.
I took a peak at the fear index again after BTC went back above $50,000 and it turns out that little price jump was enough to ease the fear a little. We are now at 25 which is a much more neutral
A quick look at the Bitcoin News, it's a mix and none of it overly bullish.
The chart looks strong, and I still expect some pump in December, but there are just no clear signals for me at this point.
I do not buy into the idea we have entered another multi-year bear season.. I also admit I have a bias and I could be in denial.
What are your thoughts?
@whatsup