Bitcoin (BTC) still on a down trend - Short or stay out
If you are thinking about buying BTC, I would wait a bit.
Bitcoin is still on a downtrend and it is not showing any sign of strength yet on the daily chart.
So if you want to invest or trade it LONG for mid to longer term, I would just wait until it at least closes above the green trend line.
From there you could target the BLUE trendline as a TP zone.
Personally SHORT BTC right now on my Trend Following 1D strategy.
Bitcoin is still on a downtrend and it is not showing any sign of strength yet on the daily chart.
So if you want to invest or trade it LONG for mid to longer term, I would just wait until it at least closes above the green trend line.
From there you could target the BLUE trendline as a TP zone.
Personally SHORT BTC right now on my Trend Following 1D strategy.
To get all my scripts, analysis, trading tools, tutorials and free crypto trading signals, visit my website at TrendSurfersSignals.com