The unwinding of frothy speculation and the start of valuation.
Trend Shift Indicator saved me from the worst of today with two weird peaks and a precipitous indicator drop that seemed scary enough to make me sell prior to the worst.
Despite the very short upswing TSI is still hanging low. Volumes aren't great and the volatility is likely not over.
We are exiting the speculation phase of sentiment-is-all and moving to the phase where adoption of currencies are manipulated politically and some semblance of valuation can begin in earnest. This is good for Bitcoin but likely bad for short term speculation.
Despite the very short upswing TSI is still hanging low. Volumes aren't great and the volatility is likely not over.
We are exiting the speculation phase of sentiment-is-all and moving to the phase where adoption of currencies are manipulated politically and some semblance of valuation can begin in earnest. This is good for Bitcoin but likely bad for short term speculation.
