BTC neutral view
Yesterday I posted in my news channel about BitMEX getting sued due to illegally offering derivatives. the price dropped immediately after this news. Also, we saw USD dollars spike up, and gold losing some ground. Most of the time, this indicates some bearish movements on commodities and cryptocurrencies in general.
If we look at the 12h chart, we can see BTC moving inside a triangle, if BTC continues moving inside this triangle, we can expect a huge move in both ways.
Therefore we need to be cautious, we can still trade, but a SL is a must for now.
If we look at the 12h chart, we can see BTC moving inside a triangle, if BTC continues moving inside this triangle, we can expect a huge move in both ways.
Therefore we need to be cautious, we can still trade, but a SL is a must for now.
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.