Dangerous looking Head and Shoulder on BITCOIN
Looking real scary, like a ghost. Good news is, we haven't come close to touching the previous resistance of $11000. I will be feeling pretty assured till we hit that again, and IF that happens, depending on the volume and spike at that level, I may choose to reduce my position for the short term.
The recent volatility may be due to christmas and new year, as people cash out for the festivities.
But don't worry, there's still money to be made in the mid, long and very long term in the world of Cryptocurrency. Manage your risks well, and you'll come out on top of this a richer, stronger, smarter person :)
I am personally hoping
BTC goes sideways for a while and gives altcoins a great opportunity to run towards new all time highs.
If you know bitcoin and cryptocurrency but don't know what altcoins are, I strongly suggest checking it out. There is a LOT of potential out there.
When you're ready to buy, use this link to one of the best cryptocurrency exchanges at the moment, Binance, and get yourself 50% discount in trading fees!
--> binance.com/?ref=11198129
The recent volatility may be due to christmas and new year, as people cash out for the festivities.
But don't worry, there's still money to be made in the mid, long and very long term in the world of Cryptocurrency. Manage your risks well, and you'll come out on top of this a richer, stronger, smarter person :)
I am personally hoping
BTC goes sideways for a while and gives altcoins a great opportunity to run towards new all time highs. If you know bitcoin and cryptocurrency but don't know what altcoins are, I strongly suggest checking it out. There is a LOT of potential out there.
When you're ready to buy, use this link to one of the best cryptocurrency exchanges at the moment, Binance, and get yourself 50% discount in trading fees!
--> binance.com/?ref=11198129
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.