[SHORT] Summer Boom is about to go bust! Buy opportunity in August!
I am an experienced trader that looks at the long term. I'm often right and sometimes wrong. I do not rely on specific technical indicators, but look at long term patterns. If you're just here for short-term gains, better move along, partner.
I have been trading altcoins since 2013 and am quite comfortable now. I have always been trading bitcoin based on long term patterns and in the mean time just traded alt coins. With the high dominance of bitcoin , I do not see altcoins gaining a lot of ground before the end of the year. It is quite likely bitcoin will keep increasing in value until mid December. Alt season will be in early January.
Over the years, I have noticed that each summer we reach an enthusiastic peak of the market after which we have a late summer drop which is an excellent opportunity to buy again. I'm selling now to buy back 50% more btc around 6000-6200.
TV sentiment
Crypto Fear & Greed Index
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I kinna have noticed the summer peak as well, last year was not as noticeable, but I rwmember that the beginning of August has been a nice buy period. Thanks for the well detailed posts.