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.