BTC LONG-TERM BULLISH SINCE APRIL 2019
It doesn't matter if BTC is right now bullish or bearish, because for a fact since April 2nd 2019 we are still in the Bull run.
TO be clear. I'm talking about the daily candle chart.
I like when BTC is giving us opportunities for short-term short positions but
if at some point 9DMA will cross the 200DMA then and only then you should consider it as long term trend change.
There are 2 problems with BTC though.
1. The scale.
Bitcoin is a high-value currency and every 1% change means around 1k USD profit or loss per every single Bitcoin invested. For small investors including myself, it's a huge change.
2. Investors unrealistic expectations.
A lot of people are expecting the chart to go straight line up since it's supposed to be a bull market. Sorry, but it will never be this way.
Adapt or you will quit investing.
Good luck!
TO be clear. I'm talking about the daily candle chart.
I like when BTC is giving us opportunities for short-term short positions but
if at some point 9DMA will cross the 200DMA then and only then you should consider it as long term trend change.
There are 2 problems with BTC though.
1. The scale.
Bitcoin is a high-value currency and every 1% change means around 1k USD profit or loss per every single Bitcoin invested. For small investors including myself, it's a huge change.
2. Investors unrealistic expectations.
A lot of people are expecting the chart to go straight line up since it's supposed to be a bull market. Sorry, but it will never be this way.
Adapt or you will quit investing.
Good luck!
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