Bitcoin - imminent crossover
Sometimes there are so many indicators you are looking at that it gives you analysis paralysis, my advice to you is to find that pivotal event, a catalyst and keep an eye on it. In this case, it is almost imminent that the 50MA will go under the 200MA which will mean a good drop in price. My eye is focused on that. As a savvy trader, your job is to let events like this take place while you sit on the sidelines and wait for the results. Now, I don't guess the future but what I have developed is expertise in finding leading measures, meaning the little macro events that give birth to trends. Take this with a grain of salt; I have only 25% of my money in because I see macro events pointing at another drop soon. Once I see which direction we are going or that we have touched the bottom I will put more money on the table. The danger in trading is that if you believe those that say we are going to 2K you will missout on buying cheap at 4k you might be completely left out only to buy high once again (right before the drop.) PM me and I want to start teaching how to read the charts without bias. This game has rules and once you understand them you will make money off the players that don't yet understand them.
THE TREND: Ranging sideways
THE OUTLOOK: Almost safe to buy BTC but let's wait just a little more.
THE TREND: Ranging sideways
THE OUTLOOK: Almost safe to buy BTC but let's wait just a little more.
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