The Bitcoin pump was fun, lots of money to be made, but as all good things sometimes have to come to an end. The market has given us a relief rally that eventually needs to pull back, further deciding on how deep we will pull back. We must now hedge against our positions, or sell to buy back at a later time. Lets not forget we are still in a bear market. The next time we pull back will be the correct area where we can consider long positions.
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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.