THE MOTH THEORY:
I don't think there's much rhyme or reason to the BTC price right now.
I don't think there's money to be made by trying to predict when/if/how it'll go up and/or down.
Like a moth against a light bulb, the price is just randomly bopping itself against the all time high, which acts as support/resistance/whatever you want to call it.
Don't day trade this, you're just going to get chopped to pieces.
Just go long. Any price under the ATH will do. Buy and hold for a few months, then re-evaluate.
I don't think there's much rhyme or reason to the BTC price right now.
I don't think there's money to be made by trying to predict when/if/how it'll go up and/or down.
Like a moth against a light bulb, the price is just randomly bopping itself against the all time high, which acts as support/resistance/whatever you want to call it.
Don't day trade this, you're just going to get chopped to pieces.
Just go long. Any price under the ATH will do. Buy and hold for a few months, then re-evaluate.
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.