Hodl'ers Ruling - I expect a minor pullback
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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