The chart proves a few things:
1) A double bottom formed, so the hourly trend should reverse.
2) BTC is so volatile. You need very wide stops to trade it successfully.
3) What happens to BTC in a few days, can take weeks or months in other currency markets. Note: As some talking heads say, BTC is not a currency, it's a commodity.
1) A double bottom formed, so the hourly trend should reverse.
2) BTC is so volatile. You need very wide stops to trade it successfully.
3) What happens to BTC in a few days, can take weeks or months in other currency markets. Note: As some talking heads say, BTC is not a currency, it's a commodity.
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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.
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.