Bitcoin broke down through the support of a clear upward channel. It has now bounced back up, but the support of that upward channel is now resistance. Tread carefully. I would not buy until it closes above this resistance on the 4 hour. There could be better buying opportunities below $42k if it breaks down. Now is not a time for action, it's a time to watch.
NOT FINANCIAL ADVICE: Bitcoin has been on an absolute rip. Up 23% in the last month and 385% in the last year. Large corporate institutions are becoming involved and the supply is limited. Decentralized currency is an opportunity equal to the printing press, the discovery of oil, or the Internet. The only fundamental risk I see (and it's a big one) is the risk of...
Virgin Galactic NYSE:SPCE is currently writing chapter 1 of an Elon Musk-style comeback story. February 13th opens another launch window for the next Virgin Galactic space flight. Sir Richard Branson himself will be going up after a couple more successful trips to prove safety and create what will be a huge global news story. The company has already taken...
