$BTC update: a safe & convervative trading position
BTC update:Dear all, Bitcoin need to get out this chaotic downtrend channel, here indicated by red lines. I would say we need to see Bitcoin above 7800 to get the confirmation that yes it is safe to open a long position.
The downtrend line can still act as a resistance, and BTC might still go back downward the channel if the volume is too low. Alt coins may bleed a little during such a move, so keep safe in USD or USDT , and wait for a
clear breakout would be my most conservative and safe advice. Right now, taking no position is a good move.
Sincerely yours,
LegoCrypto
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.