August Finance with Kashmir_Z & PA

So its been a wild ride since the 21st of July to where we are today, and if you are like most, this is the time of year when liquid capital becomes more readily available.

Looking at the charts, and all my primary indicators, which are pretty amateur compared to some of you, although tried and true reliable metrics, it seems like honestly, anytime, in the past 30 days would have been a bad buy.

I suppose the real unknown is however, we are now well and truly past the last halving, and the concern is, despite indicator, will we see a new rise, to a new plateau.

That's when fear of missing out kicks in right? - well the fact of the matter is, we don't know

What We Do Know

Well, the greed vs fear index is currently set at 82 - Extreme Greed, that statistic is aggregated by general sentiment across Bitcoin and Cryptocurrency threads on reddit, that in itself, is alarming to me of a correction, if we look at the general market volume from 21st July through now, its an absurd uptrend, almost 34.22% gains in just 39 days.

While i do believe ideologically, or at least hope, we continue on this overall uptrend, its important to keep in mind, that those larger players, are looking at potentially, hundreds of thousand gains right now, in a climate where as of today, we are in the upper cloud of the Bollinger bands, and the Relative Strength Index is setting at just 70, in traditional stocks, most investors close positions at 75, and we have been much higher than that throughout the month.

Unpredictable Times

With political, economic and health uncertainty around the world, in such a new market, as the cryptocurrency market, honestly, we truly have no historical facts to look towards to see how the overall might perform, buying green candles is generally unwise, however, will the trends continue? unpredictable, as always i would suggest incremental dollar cost averaging at the bottom of red candles, be the trend up or down, to maximize return in the long run over time. - oh and why peanut? peanut is cute of course!