Once everyone gets over the whole "new year omg" thing there should be another significant dip
allright, let's have a more meaningful exchange of thoughts...
why do you think there might be a dip and into which timeframe do you suppose it could fall in?
Every exchange is sitting at daily volumes of less than 10K and we are very overbought with the low volume. The fundamentals are strong and I'm a long term bull but this rally has no legs, simple as that. Im expecting us to go sideways for perhaps another 2 weeks and then have a fall but nobody knows!
Check out the chart below. Stochastics are telling us we are in very overbought territory and price volume oscillator is showing a huge divergence in price and volume. Looking historically at that indicator (and especially the combination of the two) one can only guess as to what happens next. Yes it is a risk to be holding cash right now, but I see it as a bigger risk to buy into this weak rally
All this i have seen, too. And I was holding 100% Fiat. The StochRSI and other Indicators were/are horrible and a big dump was very likely. But now, I think we have a total new Situation.
Likely all dumps will be caught up and volume will rise soon.
still not convinced.