Marc De Mesel: Hard To Bear

  • Tuesday, 07 May 2019 05:11
With Fear & Greed Index at ATH of 69 my impression that market is very bullish is confirmed. This typically means reversal is near and correction likely, as bulls and bears seem to all agree on these days, 'to test/confirm the bottom'. Do plan to go back to majority exposure of 70% at $4200 BTC / $180 BCH, just in case bull started, but think odds are still high we will continue to drop from there and find a new low in the next few months of around $2700 BTC, $60 ETH but only double bottom for $BCH around $75. If we do not find new low by September I'll have to admit I was wrong, change strategy and likely will have to buy in at considerably higher prices. Links: Fear & Greed Index: https://alternative.me/crypto/fear-and-greed-index/ Updated Trololo Chart: https://twitter.com/Awe_andWonder/status/1124400533845024768 My Allocation Targets: https://twitter.com/marcdemesel/status/1125590929484677121

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