BitcoinLong
The ascending channel is still happening, but volatility also!
Updated
Hi guys,
So my short summary:
We are still in what I called an "ascending channel" which is a sign to go long but at the same time as it happens often volatility is high.
I personally opened a long position on a demo trading account but the high volatility triggered the stop loss, wiped me out.
So I think the bitcoin price is climbing up a bit, down a bit, up again and in the end it's getting stronger again as you can see on the chart.
What do you guys think, weill bitcoin reverse or continue to go up in the short term e.g. until end of month?
So my short summary:
We are still in what I called an "ascending channel" which is a sign to go long but at the same time as it happens often volatility is high.
I personally opened a long position on a demo trading account but the high volatility triggered the stop loss, wiped me out.
So I think the bitcoin price is climbing up a bit, down a bit, up again and in the end it's getting stronger again as you can see on the chart.
What do you guys think, weill bitcoin reverse or continue to go up in the short term e.g. until end of month?
Note
Quick hint: If you opened a long today or some days ago and are in profit, close it now and be happy with the profits, don't wait much longer it might go down again.We have so many occurence of price shooting up fast and going down few days later again, often called barts of pump and dump.
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