JustChartThings

#BTCUSD still looks pretty neural here, in contrast to the high

COINBASE:BTCUSD   Bitcoin
emotional swings of crypto Twitter. This environment simply seems to be a dollar cost average level for long-term bulls. Very little to trade on as a swing trader operating on higher time frames - I wouldn't recommend it unless you're a scalping God, able to beat out most of the degenerate gamblers out there. I think volume is one of the most important considerations to look at as a trader - unfortunately in the crypto world volume isn't always "real", so YMMV, but it's still something you should be looking at and considering the source. For Coinbase, based on the chart shown, it's interesting to consider that the price levels we're currently at is where the volume broke out 2017 EOY to hit the ~20K blow out top. Could be meaningful as an area of low emotional value and, likely, closer to actual "fair value" of Bitcoin. Certainly a nice area to dollar cost average in for a long-term thesis on Bitcoin, as fundamental news has only been good and further drops are likely to be more temporary as the market matures.

Other charts I've posted about alt coins certainly depend on Bitcoin, so the neutral outlook here unfortunately doesn't give much to go on for other trades, but it's also not necessarily *bearish* as far as I can see right now. Stop losses are always important but one must balance mental stop losses with technically implemented stop losses - the difference is subtle but has a large impact on your strategy.

All in all, "neutral" is as valid as long/short, so play to the strengths if you're a swing trader and don't worry if Bitcoin drops or surges - your strategy should not depend on Bitcoin price anyway! Nevertheless, as I'm Bitcoin maximalish, I see these prices as fair points for a future where Bitcoin has a positive outlook. Will post more detailed trading setups on Bitcoin once volatility begins to increase again, because right now there's nothing fruitful for swing traders in Bitcoin alone - so check my other charts!
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