Well take a look at bitcoin . Finally we have pushed to an all time high and over the 20K barrier. I was selling previously from the old all time high. As always i advise to lock in profit when intraday trading bitcoin . My stop loss was set to 1K pips in profit so no problem with it turning. Now what's the next possible trade? Do we look to get in on the buy, or will it fall from the sky? will it retest 20k and push further up? let me know your thoughts below. GLIYF
A Year Look Back AT Bitcoin - Well look how far bitcoin has come this year. Incredible the movement it has had. March it tipped just under the $4K mark, and roll onto this weekend where price tipped over $24K. Ive really enjoyed day trading on my LonghornFX account this year, if you followed many of my posts then you should of made a lot of pips this year, mostly looked for buys along the way and many TP’s have been hit. Even if you bought just 1000 worth of bitcoin back in march you would be sitting on 5X your money at least. pretty incredible if you’re a HODLER. Have a good XMAS all, more setups to come in the new year
Well look what Bitcoin has produced over the last few months, it has been incredible. But what can we expect next? Surely we should see some sort of pullback in price. I think the difference now i that institutional money is now involved. Im sure everyone would be looking for it to come back to 10K or below to load up their wallets to HODL. But can we see that happen again? Im not so sure. i've heard some %s being thrown around maybe 18K. Ill be looking at the standard short term trendline and also the longer term trend line to be buying in again. Let me know your thoughts below. GLIYF
Use caution. It looks too "digital", if that makes sense. You know, stair-stepping. Something human is going to come in there and mess up the robotic movement of it. SEC? Hacking? *shrugs*
Today's post is more about the incredible movement we are seeing with Bitcoin . 31.5K today at it peak? I find it amazing that it moves this way. But who's buying and who's selling? Obviously it would be pretty silly to just jump in and buy now right? or not? I know where id like to buy in from and we are far away. Where will the top be? Let me know your thought below
Traders need to start consider currency rotation into LTC or other similar denominations. The ones who continuously buy only BTC and do not understand the market dynamics are contributing to the irrational exburence of a bubble and end up getting others killed.
Every day Bitcoin doesn't fail to amaze me. Just take a look at those movements. We can see it all in a big picture here. Bitcoin has TEN FOLDED since march 2019. Where else can you get those returns on investment of you're a holder. If you invested just £1k in march 2019 you would now be sitting on £10k. Truly amazing! BUT it will come down at some point, wheres the top? Where can we buy in for the next bull push? Im hoping it comes back down to the previous ATH of 20K area as the support for the next push. No one can be certain, but interested to know your thoughts.
He who dares wins right? Or is it suicide? Surely technicals should come into play at some point right? Or are they totally out of the window? Was that that the short term top? No one knows for certain, but i did chuck a little sell on my account. Locked in as risk free so lets see how it plays out. i dont lose anything if it decides to keep bulling. Whats your thoughts?