BedouinSmith

BedouinSmith

BTC is stuck between MA50 and MA200, which is getting narrower each day and we are barely holding at 200MA. However, There is still strong support at 8.3k. I believe BTC will be trading sideways within the yellow channel until G20 Summit on March 20th and depending on the news, we either will finally be able to break through the logarithmic bear channel or the...

BedouinSmith

I wouldn't risk to buy now and sell around 8.7k $. It's too risky. I think we are going down. Note: I've been wrong before so I might be wrong again but let's take a look at the facts: 1) Stock market is down again 2) US is supporting cryptocurrencies, regulations will come, so will institutional money 3) Tether is still not clarified If institutional money is...

BedouinSmith

Alts have been having an outstanding run during the past couple of weeks. For the past 3 days, we start to feel the BTC price action shaking the alts. I started to move back to having 40-50% BTC in portfolio in the next couple of days. The wedge is closing and the next stop could be around 26000$. Please note that I am not a professional trader and this is my...