Bitcoin BTC analysis
Update from my last bitcoin analysis. Short term bullish (net 3-6 months), long term, we'll see once we retest the red lines indicating resistance & then
fall back & hold the white diagonal line, signaling a trend continuation to the upside. If this happens, that's when I'll look to add to my crypto positions.
News does't matter to me. I'm a trader. All trades show up in the chart. Talk with no trades taking place = distraction.
Only cryptos I'm taking seriously:
Bitcoin - just to trade & make money
Ripple/xrp - if governments/businesses allow it as payment or the ledger gets used by large investors
Solana - only because its used heavily in gaming
XTZ - I was in it for the rate of return but they've dropped that from 6 to 3%, so I'm not adding as much
Cardona/AAVE - small positions just to see if the tech gets taken seriously (not betting big on these)
fall back & hold the white diagonal line, signaling a trend continuation to the upside. If this happens, that's when I'll look to add to my crypto positions.
News does't matter to me. I'm a trader. All trades show up in the chart. Talk with no trades taking place = distraction.
Only cryptos I'm taking seriously:
Bitcoin - just to trade & make money
Ripple/xrp - if governments/businesses allow it as payment or the ledger gets used by large investors
Solana - only because its used heavily in gaming
XTZ - I was in it for the rate of return but they've dropped that from 6 to 3%, so I'm not adding as much
Cardona/AAVE - small positions just to see if the tech gets taken seriously (not betting big on these)
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