Bitcoin can play out one of 2 ways in my opinion:
https://twitter.com/PopTrading/status/966894344652316672
- PopTrading
If 5k support holds, then there’s a chance of continuation.
If not then BTC is in trouble until the end of the year. I am personally selling 50% of my mid term positions and focusing more on swing/day trades until further bullish movement is confirmed (breakout of 12k)
Interest in bitcoin is approaching the 1 year trend-line, so if you are planning on holding for 2-5 years, this is a good time to start cost averaging into it (example: buying $50 worth every month)
BTC dominance chart looks a lot like the SPR chart. What it could mean is that alts will lose even more value in the short term and then come back to today’s prices after BTC has bottomed out.
(
The blue line is playing out on the overall market cap for now
STEEM has been in the buy zone lately, definitely one to look out for
https://twitter.com/PopTrading
https://www.tradingview.com/u/nsepia/
Enjoy your weekend everyone 👍