Bitcoin moves January 2021
Hello my friends, it seems the stablecoins inflow has driven the prive of Bitcoin into the 34.000 $. This rally is exactly how the king of crypto moves, against all odds and against all technical indicators. We had multiple bearsish divs that didn't play out on the 4h chart and a big one onthe daily. Nothing seems to stop Bitcoin's rally.
I am still in disbelief since we didn't re-test the support at 19.800$. This bias has put me on the sidelines and I missed a 14.000$ move over the last two weeks. Well, you win some you lose some, this time neither happened.
The day that will settle the matter is the 15th - 16th maybe of January. If price doesn't crash then I will enter the market with new positions.
You can read about my invalidated ideas from the 16th of December 2020 here
I am still in disbelief since we didn't re-test the support at 19.800$. This bias has put me on the sidelines and I missed a 14.000$ move over the last two weeks. Well, you win some you lose some, this time neither happened.
The day that will settle the matter is the 15th - 16th maybe of January. If price doesn't crash then I will enter the market with new positions.
You can read about my invalidated ideas from the 16th of December 2020 here
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.