Bitcoin Bitcoin Boring AF
Happy New Year Guys
oh man what a year huh, 2018 has been a crazy ride for a BTC.
There's only one question on everyone's mind is "DID WE REACH THE BOTTOM?"
and the answer to that question is: "who knows"
It's really hard to call bottoms or tops. What is easy tho, is recognition of patterns after breakdowns/breakups and what we have right now is neither of those things lol.
Right now is what I call: "don't do shit" stage, which ideally you don't want to trade in order to avoid loss.
No position is also a position.
BTC is stuck in this weird channel and as long as we don't get any movements up or down I would suggest not taking any trades.
What probably is going to happen is that we are going to test the bottom of the channel again and based on that we might draw better conclusion in the future.
Right now go celebrate the end of the year!
Cheers to 2019!
oh man what a year huh, 2018 has been a crazy ride for a BTC.
There's only one question on everyone's mind is "DID WE REACH THE BOTTOM?"
and the answer to that question is: "who knows"
It's really hard to call bottoms or tops. What is easy tho, is recognition of patterns after breakdowns/breakups and what we have right now is neither of those things lol.
Right now is what I call: "don't do shit" stage, which ideally you don't want to trade in order to avoid loss.
No position is also a position.
BTC is stuck in this weird channel and as long as we don't get any movements up or down I would suggest not taking any trades.
What probably is going to happen is that we are going to test the bottom of the channel again and based on that we might draw better conclusion in the future.
Right now go celebrate the end of the year!
Cheers to 2019!
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