I mean, if you want to make money, you just don't buy crypto. At least not right now.
You can say whatever you like, but price never lies and this ratio is screaming the truth.
OTC:GBTC /
SPX
is clearly in a downtrend. At least it needs to breakout from that downward resistance line to even consider go looking for cryptos to buy.
Sure,
BTCUSD
just bounced from resistance $20.000, but if the
SPX
is outperforming, isn't better just to own stocks? or just being in cash.
This week's actions says it all, crypto needs more work to be done for me to get in.
Is better to wait out this fight and get in when the dust settles and a new uptrend emerges.
You can say whatever you like, but price never lies and this ratio is screaming the truth.
OTC:GBTC /
SPX
is clearly in a downtrend. At least it needs to breakout from that downward resistance line to even consider go looking for cryptos to buy. Sure,
BTCUSD
just bounced from resistance $20.000, but if the
SPX
is outperforming, isn't better just to own stocks? or just being in cash. This week's actions says it all, crypto needs more work to be done for me to get in.
Is better to wait out this fight and get in when the dust settles and a new uptrend emerges.