Sentiment means nothing, and the prices move where the people put the biggest bet. Most traders are working from charts and news but, to use the experienced trader Nassim Caleb's excellent book title, they are fooled by chance.

When movements are predictable, a lot of order books pile up with momentum. But one pip too far opposite can see the state hit a watershed and then stops kick in and cascade.

My small experience shows that we tend to pick wrong far more than a coin flip.

My trading experience was on the highly liquid EUR/USD Forex market. I picked wrong 3 times out of four. A coin would literally perform better. But I reacted to be profitable by sticking to trailing stops and with this I profited by winning more than the volatility by feeling out the volatility and setting the trail just beyond it, and several trades did over 300% more than compensating 3 times out of four wrong direction.

With crypto liquidity is too low and volatility dilates and contracts very quickly.

So, forget profit next week, or next month. Crypto is a put on fiat, and in 3-12 month periods are the shortest, up top years.

Buy, deposit into a paper wallet and don't touch it for such periods.

When fiat finally falls forever, we will have liquid crypto markets and then you can profit under month timelines. But even then a week is typical.

Day trading is for robots in server rooms next door to the exchange data centre.

Crypto is going up because the central banks are playing ponzi and printing money for their friends. And from what I see, crypto is replacing gold, which is always a safe bet against profligate fractional reserve bankers.