Recent BItcoin Breakout in Perspective
BTCUSD recently broke out of a nice short term base which was preceded by another short term base breakout, both were confirmed by volume on the breakout day. Where is it going? Doesn't matter. Manage your risk and ride the wave.
I have been trading US growth stocks for years and the power they once had seems to have evaporated. One possible explanation is that the fast money is in cryptocurrencies. The volatility would certainly lead you to believe that!!! It is the wild wild west of the financial frontier with enormous trading opportunities. Embrace it. My uber driver hasn't mentioned BTCUSD yet so a bubble may not be in the works just yet!!!
I have been trading US growth stocks for years and the power they once had seems to have evaporated. One possible explanation is that the fast money is in cryptocurrencies. The volatility would certainly lead you to believe that!!! It is the wild wild west of the financial frontier with enormous trading opportunities. Embrace it. My uber driver hasn't mentioned BTCUSD yet so a bubble may not be in the works just yet!!!
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