SWING TRADE OR HOLD?
Here in the 1 hour chart, we may probably see a short bounce up to 13 to 13.5K. For those actively trading, u can probably get a decent profit buying in right now at 12K. But be sure when to take the profit though. On a sidenote, in line with my long term anaylsis, I still do believe BTC is still in a downtrend back to 10K or even 9K. The bearish trend IMHO will last up to end of Jan or 2nd week of Feb. We will see BTC skyrocket starting late Feb to March and breaking that 20K all time high is very much possible. Just be ready with your cash.
Cheers!
Vince
Cheers!
Vince
Note
Looks like it went down below 12K, now buying at 11K might be risky since we are really not sure on how low this swings can go but it might be safe to say there will be at least a few upswings to the 13K mark which could provide you some short term profit. I personally would prefer holding unless the price goes down to 10K or even 9K. I have some cash available but resisting the tempation to buy right now.
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.
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.