I'm currently sitting on the sidelines waiting for BTC to make its decision. We are seeing volatility contraction in BTC, typically volatility contractions precede big price moves. I do not have an opinion as to weather it's going to go up or down, but you can probably tell from my ideas that I like to do counter-trend trades.
It can't be denied that we are currently in a downtrend and the general consensus of the market is down. However, this rings alarm bells in my mind because when everyone is on one side of the market, the turn is just around the corner.
How do we trade this? There's no options in the bitcoin world so we can't trade volatility. I'll have to think about this before i proceed...