I've been told it's a milking game to buy and short at this time because of the fluctuations, what do you think about you?
from our prospective it's the worst time to play with this coin unless you've got alot to risk!
There are several things to care at this point and not to look at the Technical side even for 10%
don't buy anything from analyst that concentrates on technicals only so be smart and take risks
trading in bitcoin opened the door for naysayers to participate in the trading market, which had previously been largely dominated by true believers. Now the naysayers have pushed bitcoin’s price down sharply. Since closing at a peak above $19,000 on December 18 — on the first day of trading — bitcoin has lost almost half of its value.
Accordingly, in the long run, bitcoin miners (like other commodity miners) will earn only enough returns to compensate them for their cost of capital. Unlike with technology companies thta possess trade secrets or market power, bitcoin miners cannot earn large excess returns in the long run — ensuring bitcoin’s equilibrium price will be only modestly higher than the cost of mining. Any higher, as it is currently, and arbitrageurs will start mining because there are no barriers to entry and they can make riskless returns by mining bitcoin and selling it in the market.
So, lets just say we are looking at the bad things here
Now, with technical even though the impact is minor
- 200D FIB & MA DOWN Cross,
- Off Dynamic ranges
- (Similar to)
- Crossover Level "0"
Don't Buy, Don't Short just wait and let it sore
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Get ready for some stacking!
Straight from $8k
Enjoy your profits guys and make sure to leave a THUMBS UP +