No Man's Land - Wait for the Dip or Buy the Breakout

Crypto Compass 52

“Have patience with everything that remains unsolved...
...live in the question.”
― Rainer Maria Rilk

• The mid-term risk/reward is favorable for BTC and crypto. Bitcoin bottoms out in mid-September and sets up for a stellar October. We’re close to the bottom, but the environment is still unstable.

• The Risk Signal is consolidating near the high-risk extreme and altcoins continue to lose strength vs. BTC. The spread between Small and Large caps suggests an unstable state for altcoins, in which we won’t see an extended alt season.