Bitcoin Bounced - Now What?
Updated
So, we bounced before and on the 4th as expected. But now we're up against that $2600 ceiling again and can't seem to close above it. As we continue to struggle with these upper levels, it is becoming increasingly clear that the market is not willing to do much more here before BIP 148 on August first. I've said all along that I'll remain bullish as long as we continue to remain within the green channel on my chart. However, it is looking more and more like we are going to test channel support once more, and if we do, I am not sure how much longer we can hold until breaking through.
Long story short. It's uncomfortable down here near the bottom of our channel. But it's this simple. Above the bottom channel support = hold. Below the channel support = sell.
And for me personally, I will probably sell and sit on the sidelines and observe until these forking issues all look to be resolved.
Until then, have fun trading my friends.
Long story short. It's uncomfortable down here near the bottom of our channel. But it's this simple. Above the bottom channel support = hold. Below the channel support = sell.
And for me personally, I will probably sell and sit on the sidelines and observe until these forking issues all look to be resolved.
Until then, have fun trading my friends.
Note
Should've said, "And for me personally, [if I do have to sell] I will probably sell and sit on the sidelines and observe until these forking issues all look to be resolved.Note
Let's try this again. Lol.Should've said, "And for me personally, IF I DO HAVE TO SELL, I will probably sell and sit on the sidelines and observe until these forking issues all look to be resolved.
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