Bitcoin Still Slow

I thought I am going to throw my few cents about Bitcoin situation. In a nutshell, anything in between this red channel is not attractive to me. The price movement is just so small that is hard to make any money.

We had a recent green pump, but the pump is still within red channel. As long as I don’t see any indication of leaving this channel above 8600 I am not convinced about moving up. There’s still plenty of space to fall down or keep consolidating.

In the meantime, some altcoins such us XRP show some signs of strength and potential uptrend. Worth keeping your eyes on it.