There isn't much to be said here given the very familiar yet healthy performance of Bitcoin price movement here recently. This also serves as proof that this bull market is totally different from the FOMO induced surge of 2017. No, currently the market is to me, much more stable, more reliable and truly holding up to bitcoins ultimate use case. For the most part we find alot of our support around the 11.1k area though it did quickly correct slightly lower and this is fine given the amount of increased momentum that brought us to our more recent surge allowing us to test as high as 13.2k. I've jokingly began to refer to them as "bull breaks" lol this activity seems to mirror last weeks movements very well and really flexes bitcoin's reliability as a worthy store of value. My advice to those fairly new to this aspect of the cryptospace is to relax and enjoy the ride. Take this time to educate yourselves on the basics of chart analysis, and the history of bitcoin's unique volatility, and ZOOM OUT. Notice that even though a lot of press from FUD to speculations about future movements is done on the small movements, its all smoke and mirrors to a point. Bitcoin's movement is definitely within and along the parabolic trend as it takes its graceful climb towards all new highs within the coming months. its often said to "buy the rumor and sell the news" and at this time i cant think of anything greater to keep in mind. Keep Hodling and happy trading once again :-)
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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.