Bitcoin: BTCUSD Bitcoin is busy knocking out one of the best fractals you're likely to see. So long as this holds up off the new trendline it should go on to make new highs this weekend.
Comment:
BITCOIN: BTCUSD !0 upload limit still - this is already happening...but staying long anyway ...because of spreads more than anything
Approaching obvious resistance at 2866-2890 - that rounded cup formation, same as previous formation in shape and
leading to sideways consolidation period after a little thrust higher first - so it should rise to 2866-2890 range before
moving into a sideways movement. Suggest raising stops to just under 2800 now - you can close out longs around 2866 up
to 2890 if you wish but with spreads so large it's not as cheap and easy as trading in and out of a Fiat currency - so am
staying long and raising the stop. Alternative is to close out half position. There could well be a bit of a grind ahead: with
lower spreads this would be obvious: close out and get long again on break or from lower down. But this is Bitcoin...Who
offers the best spreads on Bitcoin worldwide ? Please respond if you have the answer. (not Etoro, please. Their current price
seems to always be about 30 points higher than Tradingview's mid price. Am sick of getting ripped off by IG in UK. Your
views are welcome. Please chip in if you have the answer)
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Approaching obvious resistance at 2866-2890 - that rounded cup formation, same as previous formation in shape and
leading to sideways consolidation period after a little thrust higher first - so it should rise to 2866-2890 range before
moving into a sideways movement. Suggest raising stops to just under 2800 now - you can close out longs around 2866 up
to 2890 if you wish but with spreads so large it's not as cheap and easy as trading in and out of a Fiat currency - so am
staying long and raising the stop. Alternative is to close out half position. There could well be a bit of a grind ahead: with
lower spreads this would be obvious: close out and get long again on break or from lower down. But this is Bitcoin...Who
offers the best spreads on Bitcoin worldwide ? Please respond if you have the answer. (not Etoro, please. Their current price
seems to always be about 30 points higher than Tradingview's mid price. Am sick of getting ripped off by IG in UK. Your
views are welcome. Please chip in if you have the answer)