Another run likely for Bitcoin
Updated
Another run is looking very likely for Bitcoin. Throughout 2017-2020 I had a short bias and was comfortable holding a short position. Now, it's the reverse.
I guess you can just purchase with a trend following strategy or just buy the corrections. I'm going to hold a long position until it looks bad again, which should be much later.
Praying for another 2016-2017.
In the very short term, Bitcoin will go down. But it's hard to close at the right time or even enter correctly. Thinking long term is better.
Circled area is support. Positions here can carry us further.
I guess you can just purchase with a trend following strategy or just buy the corrections. I'm going to hold a long position until it looks bad again, which should be much later.
Praying for another 2016-2017.
In the very short term, Bitcoin will go down. But it's hard to close at the right time or even enter correctly. Thinking long term is better.
Circled area is support. Positions here can carry us further.
Note
Looking very promising.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.