Don't get me wrong, I am superbullish with the crypto market but, despite the good performance lately, I am really careful with every and each of the scalps and daytrades I am doing these days.
Nowadays, we have BITCOIN attempting to reach those 20K USD level, reached on a few exchanges already but not in all of them, actually, when it has been very close in a couple of moments but we get a rejection causing liquidations on Long positions.
The good thing is that, on every deep, buyers have filled them very rapidly which is excellent, however, looking on the 4h chart, a combination of a Rising price and a Flat condition of the OPEN INTEREST would mean that no new contracts are created mostly because traders are looking for news on market direction and so, it is better to stay out of the market right now.
It is really weird the lack of news we had on the media these days in comparison with the news appeared 3 years ago. We are at ATH but there is no significant announcement beyond twitter-bulls or crypto enthusiasts, so, in my opinion, this is not a bad signal, actually, when Global media reacts it is moment on which you have to be more attentive in order to catch the High but, this moment has not arrived yet.
Instead, total market cap is dancing just below 580 bUSD since 1 week already, producing a small altcoin season in the meantime.
So, yes, uncertainty is the predominant state these last days...perhaps a good moment to stay out from daytrading.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
