BTC monthly update

I left on the chart the scenario I drew last month for the sake of lolz: I did not expect BTC to go another leg higher this fast, but it finally did what it was supposed to do - chill and trade in a range for a month (roughly 41k to 44k). I stacked a bit more at around 41 to 42k range, but otherwise, there’s not much going on. No reason to sell unless we break below 40k, and no reason to buy as we’re close to the ATH, and for now it seems that we ran out of steam. It makes the most sense to just hold for now. I do not feel like the markets are euphoric right now. Lots of retail investors are still waiting on the sidelines. It would be nice to close the position near 60k and re-evaluate later.
Beyond Technical AnalysisTrend Analysis

Wyłączenie odpowiedzialności