I feel like we are in a SELL THE NEWS situation considering Paypal just announced that Bitcoin will be on its platform going forward. Coupled with the PayPal news, Bitcoin has yet to show us it has the ability to establish 20K as a new floor. As a classical price action trader I must see price smash through all time highs and retest that level before I can feel confident we will go any higher. Due to these events I'm taking chips off the table and waiting to see how price moves above 20K...
It's better to be safe than sorry....
It's better to be safe than sorry....
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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.