Don’t hang up your blogging shoes BB. There’s a better than 50/50 chance price goes below $5K. Of course, that could change in an instant with some type of catalyst (positive news). Either way...it’s not worth giving up blogging. You’re too entertaining my friend. ;-)
By the way, hope your wife feels better. My better half and I have been ill with something for about a week now. No fun.
Ah workin' - I don't think my shoes are in any danger - at least not yet... (see my comment to pandorasbox about combined bearish sentiment). Positive news is a constant, as it has been for months already! Here let me help a bit:
https://www.coindesk.com/interstellar-arrives-visa-citi-backed-chain-acquired-by-stellar-startup/
https://www.coindesk.com/can-bitcoin-save-argentina/
https://www.coindesk.com/crypto-research-firm-adds-2-nobel-prize-winners-as-advisors/
https://www.coindesk.com/crypto-assets-are-here-to-stay-says-eu-commission-vice-president/
https://www.coindesk.com/australian-state-pilot-puts-drivers-licenses-on-a-blockchain/
https://cointelegraph.com/news/winklevoss-brothers-launch-fiat-backed-stablecoin-after-new-york-regulators-green-light
https://cointelegraph.com/news/citigroup-to-let-investors-trade-custodian-held-cryptocurrency-sources-claim
https://cointelegraph.com/press-releases/uks-fastest-growing-online-pharmacy-uk-meds-to-implement-blockchain-technology-with-stratis
https://cointelegraph.com/news/blockchain-trust-company-paxos-launches-ny-regulator-approved-usd-backed-stablecoin
https://www.ccn.com/72-of-cryptocurrency-investors-plan-to-buy-more-this-year-survey/
and those I found within 10 seconds from a couple of my main news bookmarks.
Sorry to hear that you and your better half has also been going through the wars, been sick is never fun. My poor wife switched from one thing to the other - and when the wife is miserable, the misery tends to spread! This was not my favourite week of the year... I hope that all of you sick people are restored to 100% health post haste!
Sorry to hear about the wife. Same thing in my house...when the women aren't happy, no one is happy. ;-)
Those are nice articles. I could literally send you hundreds more just like it. We've been seeing a divergence in price and tech for months. No one disputes the tech/infrastructure improving. That's not the kind of news I'm referring to. I'm referring to market moving news like, an ETF approval, mass adoption by amazon, something along those lines.
I know you're more a fundamental guy and looking long term. On that, I couldn't agree more. I'm about as bullish as one can get long term. But as a trader, I'm also looking short term...i.e days, weeks. Unfortunately, that's not looking great if you're a bull.
Still...positive news could turn things around on a dime. Until then, we have to trust the charts...and they don't look great. That said, we could see a short squeeze shoot price up above $7K. Due to that possibility, I closed 80% of my short position and moved my stop from $7,400 down $6,800 on the remaining 20%. Things are getting interesting...Damn I love this market. ;-)
Yes, you certainly make sense. I still can't get over this ETF hype though - I really consider it to be ridiculous. To me something like the news of Yahoo Finance offering direct crypto trading is far more important. I guess market FOMO/FUD is truly random in nature (or selectively media influenced).
I sure would like to see a short squeeze! As you suggest, it's probably now just a matter of waiting for the right catalyst to turn the market, everything else is in place.