RPubens

$BTCUSD - Waiting for Sunday

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Last 2 top-of-the-channel shorts were on Sundays. I presume one of the reasons is because institutions are not buying on Sundays or weekends.

I would be looking for reversal at top of the channel and taking profit at 200 MA if you're shorting or buying back at 32-36k levels. This would be perfect accumulation before continuing to well above $40,000.

Not a trading advice.

Comments

Yeah, the middle of the weekend (usually late Saturday night for those in the US) often has the biggest moves of the week.
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