We call it Dullness Market
There is No good trades and no good positioning on Dullness Markets, only scalping a few points.
But the analysis is:
1- The market reached its Selling Clímax
2- The phases A and B off an acumulation Had been conclued
3- NO sign of strength yet
At the moment we see no buyers and no sellers, each time the new high became smaller then the last one, but there is no new lows.
this is a good take on the current market. prowdclown, a couple months ago, predicted that we were in the beginning of an accumulation schematic. it looks like he was probably correct. the selling climax occurred and the subsequent attempts downward were bought. and we wait......
I think we are going up this time after several failed rally, Canada has already approved its first bitcoin pension mutual funds, that may influence or have a positive impact on sec decisions. We are going up this time
you got a source for that? i don't see anything when i google it. seems like the last news on the subject was late 2017, when the pension plan investment board head said BTC and the blockchain space weren't investible yet. looks they they're waiting a few years before revisiting the topic.