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Did you know trading is not about maximising profit, but about minimasing risk? Currently, BTC/USD is a great buy if you are thinking mid-long term. Should you buy or sell? Here are valid arguments for each side:
Sell:
Short-term price action
The price entered the 1st standard deviation but failed to stay inside
The 0.786 level of Fibonnaci Retracements
The Fair Value Price of BTC is $5935
A second retest of the Weekly 200 Moving Average is still plausible
Buy:
Mid-long term potential is imminent for BTC/USD
We are almost at (if not already) at the bottom of correction
Remember, it's about minimasing risk, not about catching the perfect low. Trading 101!
One of the strongest investments you could make in our lifetime
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis.
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