haha, it never is in stores here. I feel like the BlackFriday sale is the same sale we see all year long with new posters most of the time. Though I guess it is a good excuse to spend pre-Christmas!
Certain exchange owners have recently been tweeting cautious tweets that could be interpreted as bearish. However, despite the drop, there is still a number of bullish factors, and as you say, the market has not really taken that much of a knock.
When on-chain shifts bearish, I can reconsider. cycles do lengthen as well when looking back. I am still bullish, perhaps foolishly so but I working on my own confluence criteria.
Yeah I've seen this as well. Definitely worth taking note of the apparent similarities in the comments and not taking any undue risks. I think the key thing for me is the macro-goal to continue to stack and hold for a longer time period isn't affected by the short-term drop. You're right though it is important to consider the possibility that this doesn't play out as expected. There is also the possibility that the latest reaction to COVID continues for some time putting more stress on the markets both outside and within crypto.
I'm actually working on learning to code Bitcoin from scratch atm so I can get better at digging into the on-chain data more directly myself through a node. In the meantime may I ask you preferred sources of info?
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Well as in stores, the discount for cryptocurrencies was not so significant hehe :D 10% at most
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haha, it never is in stores here. I feel like the BlackFriday sale is the same sale we see all year long with new posters most of the time. Though I guess it is a good excuse to spend pre-Christmas!
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Certain exchange owners have recently been tweeting cautious tweets that could be interpreted as bearish. However, despite the drop, there is still a number of bullish factors, and as you say, the market has not really taken that much of a knock.
When on-chain shifts bearish, I can reconsider. cycles do lengthen as well when looking back. I am still bullish, perhaps foolishly so but I working on my own confluence criteria.
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Yeah I've seen this as well. Definitely worth taking note of the apparent similarities in the comments and not taking any undue risks. I think the key thing for me is the macro-goal to continue to stack and hold for a longer time period isn't affected by the short-term drop. You're right though it is important to consider the possibility that this doesn't play out as expected. There is also the possibility that the latest reaction to COVID continues for some time putting more stress on the markets both outside and within crypto.
I'm actually working on learning to code Bitcoin from scratch atm so I can get better at digging into the on-chain data more directly myself through a node. In the meantime may I ask you preferred sources of info?
https://www.theblockcrypto.com/data/on-chain-metrics/bitcoin
https://glassnode.com/
These seem like the obvious places to start for more info right?
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That sounds cool, yes those are good! Also, check out Santiment > https://santiment.net/
I also keep tabs on Willy Woo.
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