Bitcoin vs the 200W MA
- Don't rush to put your bull market pants on.
I'm just as excited as the next guy to finally see some green candles after a full year of what felt like only red.
But, BTCUSD has a lot to prove and one thing that is for certain is there lies a bumpy road ahead.
- After the bear marker of '18, 2019 started off with a bang with a bull market lasting for 6 months! Well, what followed was lots of up/down/sideways movements that eventually ended up with the collapse in march of '20 that almost reached the same prices as the previous bottom.
Even if Bitcoin breaks above the 200W, this doesn't mean were going straight to 100k. There's still a lot of distrust floating around in the industry and outside fears of other markets and a potential recession to worry about.
Stick to a game plan and stay with it is because its going to be a long and worthwhile ride.
I'm just as excited as the next guy to finally see some green candles after a full year of what felt like only red.
But, BTCUSD has a lot to prove and one thing that is for certain is there lies a bumpy road ahead.
- After the bear marker of '18, 2019 started off with a bang with a bull market lasting for 6 months! Well, what followed was lots of up/down/sideways movements that eventually ended up with the collapse in march of '20 that almost reached the same prices as the previous bottom.
Even if Bitcoin breaks above the 200W, this doesn't mean were going straight to 100k. There's still a lot of distrust floating around in the industry and outside fears of other markets and a potential recession to worry about.
Stick to a game plan and stay with it is because its going to be a long and worthwhile ride.
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.