BTC Channel
I'm not against Bitcoin bull. I know in years, crypto market cap will overtake gold.
BUT you wanna be safe before you execute a long position on this big boi.
BTC currently trading in a descending Channel.
You wanna buy once it breaks upwards and retest the upper channel.
Otherwise, wait.
Not having an open position is a better move than having an open position with no analysis.
I personally think, BTC has to go lower, because central banks and big players that control the markets are cheap. I think 9K USD a Bitcoin is still too expensive for them.
BUT you wanna be safe before you execute a long position on this big boi.
BTC currently trading in a descending Channel.
You wanna buy once it breaks upwards and retest the upper channel.
Otherwise, wait.
Not having an open position is a better move than having an open position with no analysis.
I personally think, BTC has to go lower, because central banks and big players that control the markets are cheap. I think 9K USD a Bitcoin is still too expensive for them.
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