BitcoinShort
Swing trading BItcoin? You should wait until after 8th of March!
Updated
We have strong trend lines to guide our decision. Bitcoin is in a bear market, and there is no evidence for the market to turn. My reason for keeping out of the market is the risk-reward ratio. We might see Bitcoin reaching 12K, but 4K is equally possible.
Google Trends is scientifically proven to be a good indicator where the price will move; if the search term is subject to finance. Bitcoin is experiencing big loss of daily search points, so we can confidently say the price will too.
Google Trends is scientifically proven to be a good indicator where the price will move; if the search term is subject to finance. Bitcoin is experiencing big loss of daily search points, so we can confidently say the price will too.
Note
There is definetly more confidence in the market than before, but I have doubts it will break the trend line. It's strong and steep; a dangerous combo. I still advice to wait after 8th of March. Then analyze the 4 hour chart and make a sound judgement.
UNLESS: Volatility goes down, volume keeps rising futher and Google Trends shows an uprise.
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