When we woke up this morning, we were so grateful to see that Bitcoin (BTC) had not moved. There was some fear on our part that we might wake up to see Bitcoin (BTC) at 7400.
Ranges, in general, make most people miserable. Everybody is buying at the top and selling at the bottom. We have tried to stay neutral. The reason: The first step in making money is not losing it.
Looking at the BitMEX chart of Bitcoin, XBTUSD, we see Bitcoin (BTC) resting on support. XBT is also right on top of its 21-day moving average.
Bottom Line: We eagerly await Mr. Market's decision on whether or not Bitcoin (BTC) is going to go up or down. In the meantime, we are grateful we have stayed neutral, so our head will be clear when it comes time to jump on the next move.
Ranges, in general, make most people miserable. Everybody is buying at the top and selling at the bottom. We have tried to stay neutral. The reason: The first step in making money is not losing it.
Looking at the BitMEX chart of Bitcoin, XBTUSD, we see Bitcoin (BTC) resting on support. XBT is also right on top of its 21-day moving average.
Bottom Line: We eagerly await Mr. Market's decision on whether or not Bitcoin (BTC) is going to go up or down. In the meantime, we are grateful we have stayed neutral, so our head will be clear when it comes time to jump on the next move.
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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.