Some are bullish, some are bearish, but the truth is that no one really knows what'll be the next move. You could choose to take a bet in your desired direction, or wait until there's confirmation of which direction Bitcoin will take. While we don't know exactly where we're heading, many are expecting a violent move, and I suspect that will be the case, so take that into consideration. In the chart is my personal strategy, which is very simple, long above $7780, short below $7050, with potential targets of about $1000 above and below the entree points, although, if we go down, we could drop further down in relatively short time, IMO.
That's it, stay safe, and happy new year to all!
That's it, stay safe, and happy new year to all!
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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.