This dog market
is really hard to grasp
Although I have been doing well in the recent swings and basically making profits, I have to admit that this dog market is really hard to grasp. Key positions have broken down and then rebounded. BTC first dropped to 106700 and rebounded, then to 106500 and rebounded, and then to 106300 and rebounded. There is no technical logic at all; it's killing the technical traders. Support and resistance levels are completely useless. Of course, shorting is not a problem; shorting is almost always profitable, but it's quite difficult to go long. ETH is the same; there is no logic at all. I estimate that many retail investors have lost quite a bit of money recently, mainly because the big players are really too dog-like!