Lot of bullish news recently in the market just to attract new money-
I am noticing and have seen new people coming into the market like they will miss on everything and buying BTC @ 6k. Right now they are feeling happy as it is 6.3 but they still don't know it takes only week or so to loose 50% on crypto.
News right now:
1) BTC Futures market
2) Fork free coins=$1000
3) CNBC hyping up the bitcoin- projecting 25k BTC
4) alot of short got squeezed out at 6k , so even though there wasn't that big volume, we saw a huge pump.
You really need to be very careful when you are daytrading bitcoin right now. easy 500$ swings can make you alot and on the other side you can loose a ton.
Looks like BTC is going somewhere but this is not healthy and most of the time when it dips, it dips very hard and 80% of the people loose alot of money,
Please stay safe and be cautious. TA is useless to do when FA is so bullish but when they are very contradictory, it is better to stay fiat and not loose anything
I am noticing and have seen new people coming into the market like they will miss on everything and buying BTC @ 6k. Right now they are feeling happy as it is 6.3 but they still don't know it takes only week or so to loose 50% on crypto.
News right now:
1) BTC Futures market
2) Fork free coins=$1000
3) CNBC hyping up the bitcoin- projecting 25k BTC
4) alot of short got squeezed out at 6k , so even though there wasn't that big volume, we saw a huge pump.
You really need to be very careful when you are daytrading bitcoin right now. easy 500$ swings can make you alot and on the other side you can loose a ton.
Looks like BTC is going somewhere but this is not healthy and most of the time when it dips, it dips very hard and 80% of the people loose alot of money,
Please stay safe and be cautious. TA is useless to do when FA is so bullish but when they are very contradictory, it is better to stay fiat and not loose anything