Bitcoin down then upNot to phased by the current price action on Bitcoin in fact I find it healthy right now to see a short term consolidation even pulling back as low as 55k to re fuel the rocket.
The 236 is currently holding as support which is a pretty bullish sign and if we dont break this level and move to the 382 then i believe we will start seeing some truly parabolic price action next.
Im staying long spot for now and looking to load up long positions on qrt futures if we can get down to around 55-57k, happy to sit in low leverage futures position for a few weeks to get the most out of the run.
Dont think the bitcoin bull is finished just yet and is mainly fueled by global economics at the moment rather than hype train and fomo like 2017.
Although I believe it will happen at some point which is when we have a parabola and possibly a blow off top above 6 figures....
lets see what happens but i think its going to be an exciting end of year for crypto folk..... well atleast the ones on the right side of the fence.
