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It really doesn't matter whether one is trading soy futures, silver, stocks or cryptocurrencies. Markets generally move in cycles, which can last from a few days to a couple of years. In B -TC’s case, it's hard for anyone to justify a bullish case by looking at the chart. It is much more complicated than some would have you believe but from Carthy Dan approach, bear market aren’t worth losing from if you use the ongoing new bie/investor programs. A portfolio I got into the strategy with 2.3BTC was quickly increased to over 10.6btc
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While bitcoin’s wild price movements might seem random, they are often driven by the same fundamental catalysts as in the traditional markets. Some claim bitcoin is impervious to shocks that affect global finance; it’s a hedge against things like inflation and a sure bet against tides of uncertainty. Moves within traditional finance can boost or burn bitcoin’s price because they determine how easy it is for financial epicenters like Wall Street to invest in bitcoin…Keeping all this in mind, it is important to trade with the right strategy when going into the crypto world. Anika Hobson has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17 BTC lately.
>This is looking < like it wants to push to 52-53k, but that’s ridiculously strong resistance right now. Doesn’t make sense to short right now at this level. Then again there doesn’t need to be a lot of shorts for price to go down. Most alt coins still well below their highs even though they are “pumping”. Seems more like an exit pump to me. Across the board you could argue 2-3 coins are actually showing strength, but that’s it. Once again, always look at the daily chart. That tiny green candle means absolutely nothing. Until you start taking out key levels with strength on high time frames, it’s still bearish. I would have liked to see continued strength today after a decent push yesterday but it hasn’t happened. A slow grind up is not how you attack resistance. It usually leads to break down. If you really wanna get technical, 54k is the key level on the daily that BTC needs to break and hold above. I’d rather wait for confirmation of that than try to get in 5% earlier. Mark my words. I will be trading the whole way up with HarrysDent I was able to make 31.5 BTC in just few weeks from implementing trades with guidance and signals. Merry Christmas everyone.
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