So Binance was hacked yesterday! One would expect the price of BTC to be adversely effected, but here we are at 5,800 (approx) and climbing! What does this tell you? Even hacks like this cant stop BTC! Im impressed with the recent USDT fud and now Binance hack BTC has shown surprising resilience! That is something we should all be excited about. BTC FTW.
Side note: We are in the midst of a "broadening formation" which could be good or bad depending on how you play your cards. We have had a lot of bullish indicators such as the golden cross and trading above the 50 MA. But even a maximalist like myself is wondering if BTC can keep this up. RSI is high which is bearish. I bought some BTC this morning (I buy some every week when I get paid regardless of pricing) But I wouldnt be surprised to see a drop before we break through 6k. But WTFDIK? Keep those SL tight yall
Side note: We are in the midst of a "broadening formation" which could be good or bad depending on how you play your cards. We have had a lot of bullish indicators such as the golden cross and trading above the 50 MA. But even a maximalist like myself is wondering if BTC can keep this up. RSI is high which is bearish. I bought some BTC this morning (I buy some every week when I get paid regardless of pricing) But I wouldnt be surprised to see a drop before we break through 6k. But WTFDIK? Keep those SL tight yall
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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.