It is slowly moving lower, and think it is building up for a decline below $ 40,000 again.
SELL strategy @ 46,500-47,500 still valid and place stop above $ 50,000 for safety. Bitcoin is unpredictable in terms of market movements, behaving different from the regulated currency pairs and other financial instruments.
Ultimately am a believer that we will see very low levels in the long-term for BTC. For now trade it one way or the other and treat it with caution.
SELL strategy @ 46,500-47,500 still valid and place stop above $ 50,000 for safety. Bitcoin is unpredictable in terms of market movements, behaving different from the regulated currency pairs and other financial instruments.
Ultimately am a believer that we will see very low levels in the long-term for BTC. For now trade it one way or the other and treat it with caution.
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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.