JoshuaRomeo

Bitcoin is officially in a bull market, Strat? HODL.

Long
BITSTAMP:BTCUSD   Bitcoin
as we all know, this month we had a golden cross, and bitcoin broke all the resistance in one jump, as a analyst it just doesn't makes sense, but clearly people are fomo'ed and jump to the market as soon the golden cross happened. i think the bull power now is much stronger, i think we will see a new ath end of the year or next year.
so what is the strategy now? at this point, its possible to see a small pullback, BUT, if we see from the last jump i think TA doesn't makes any sense in a bull market, best strategy is just to HODL, just keep an eye on 20 Moving Average on weekly candle, it's been the support from the last bull market.
and guys, remember, trades alt coin is an high reward and VERY high risk, remember all of us trade alt to get more bitcoin not to get more of the alts, always put stop loss on every trades.
goodluck.
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.