What would make you switch from bullish to bearish on crypto, or the other way around?
What would make you switch from bullish to bearish on crypto, or the other way around?
It’s easy to find evidence supporting whichever outlook you already have. I think the harder question is deciding beforehand what would make you reconsider.
For those who are bullish: what would signal that this is more than a temporary pullback?
For those who are bearish: what would convince you a recovery has real support?
Would you put more weight on price making higher highs and higher lows, the 200-day moving average, ETF flows, or macro conditions?
My view is that one indicator alone gives an incomplete picture, but waiting for everything to agree has its own drawbacks.
What’s your current outlook, your time horizon, and the strongest piece of evidence that could change your mind?
Both bears and bulls think they are about to be proven right in the macro-trend so I’m guessing that the next few months will be painful chop that makes both sides hate this asset class.
I’ve got less than zero clue on what is going to happen in the short-term, so I’m just holding my current positions and riding out either scenario. Would add to what I have if it went higher but probably not buying anything else otherwise if it starts climbing higher.
I used to be in the trenches more in crypto but have mostly found it to be a poor place to build wealth and a great place to gamble.