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Monday, July 26, 2021

Big brother BTC leading the charge?

Big brother BTC leading the charge?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hi Legends! Everyone's been chatting for a while on what's happening in the Crytpo space hey.

Just my luck, being a Forex trading veteran, just when I dive into the Crypto space it enters a bear market hahah And I don't short Cryptos yet, not because I don't know how, but it freaks me out hahah. I can short the CAD/JPY or any range of pairs in the Forex market no problem, but let's face it, the crypto pairs are weird AF hahah...

So where are we at now? We've been watching Big Brother BTC for quite some time and have seen it form what looks to be a nice solid base.

Personally, I've been accumulating around these levels. Investing, not trading though.

What we've seen now is a push-off that base and starting to break through some MA's and important resistance zones. Will it continue? no one knows, but the move looks like it's got a bit of conviction to me...

from TradingView Ideas
via gqrds

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