Bitcoin has rallied above 50D MA for 6 months, volume is dwindling and 1D RSI is getting weaker and weaker. Despite being in "full-bull" still a correction may be near.
I've taken some very nice gains with ETC and will be side-lining most of my cash. Better to wait and see, a good correction will start to scare out MANY newbie traders who think "markets only go up"....
Target, somewhere around $40K, but always ready to be wrong.....
I've taken some very nice gains with ETC and will be side-lining most of my cash. Better to wait and see, a good correction will start to scare out MANY newbie traders who think "markets only go up"....
Target, somewhere around $40K, but always ready to be wrong.....
Comment:
Note: If we hold $60K here it's likely we rally BIG. So I'm keeping that in mind...
Comment:
As anticipated... DUMPED!