Good morning all, checking in back on Bitcoin again today. Clearly the bear's have been in full control for a while now. We have had multiple flags in this down trend. But does it look like the bear's are running out of steam? I certainly think so, this area of 19-20K looks to be a very significant support level , the drop through the flag seems like it is running out of strength. So I think it may be a good time to buy back in now, because if this will be the bottom we will get a nice buy in price. We can either get in here or wait for a touch back in the demand zone below where you could get a smaller stop loss, either way we are looking for the swing up, stop under lowest low just incase. Will update again during next week GLIYF
Cryptos are very exciting if you trade it with leverage, i.e. perp futures 20x or higher ---------- There's volatility big volatility up and down every day. I don't trade everyday as busy reading and catching up with ETHW blockchain ecosystem I trade long BTC perp futures and short ETH futures, so there's money to be made and lost in both directions, you just gotta pick your preferred poison A trade I entered 30 minutes ago and was out in 15 minutes. Had I waited 5-10 minutes longer, would have more than doubled profits
There are bold traders and there are old traders, but few are both I don't like trading. It doesn't fit my emotional construct. I prefer investing during the crypto bull market
Apologies to OP, don't mean to take over the thread... My last post on the thread since not many people are active Took another trade long btc, out in less than 30 minutes ------------
I trade crypto with leverage too, but I prefer to use a broker. I am more familiar with CFDs, I find them easier.