StaticCommando

Sometimes conventional TA should be ignored.

Long
BITFINEX:BTCUSD   Bitcoin
Unfortunately TA alone can't be your only tool for trading. If it worked all the time everybody would be sitting at home filling their bank accounts with easy money. There's many things affecting the price action for BTC and if you've been following me you should have a good understanding of those many indicators. I have very little time to go into all the reasons in this post as I am very busy today. So my condensed analysis today is go long. The price is going to rise, etf's will eventually get approved, wall street money will come pouring in, people will be buying their groceries and hiring contract killers with crypto in the near future. Don't get left out. What you see taking place in the market right now is merely whales shaking out weak hands while providing swing trade opportunities for desperadoes until Moby Dick decides to blow his load. Target the high 6's to low 7's for now with a whale head fake somewhere in that price area.
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