Hello Hivelicious people!
As a price action trader, I don't care about technical analysis, at all.
Them who are teaching you Bollinger bands, MACD, RSI and all this BS, are just losing traders. The ones who make money, rarely will tell you their secret.
BUT, from today that will change. I am going to teach you how you can become profitable. And see the market as it is. If you are hodler or a long time investor, I don't think that my posts are something for you.
If you like to trade, go in the market and out with a profit, please subscribe and stay tuned.
I will solely bring my content to the HIVE community.
Lets dive straight into it!
At the time of blogging, the price of bitcoin is around $6200, and just hit the bottom of the rising channel, which is indicated in the chart below. Also, at this level, there was a long term support line indicated in light blue.
The low volatility and the lack of strength tell us BTC will trade sideways for probably a day or 2 before it makes here slow continuation to the upside and searching for the $8800 Bitcoin.
My trades for today; Zero
Short term Bitcoin: Sideways/Neutral (at least 2 days)
Medium term Bitcoin; Bullish to $8800
I don't trade the news, but all of this is now in favor of Bitcoin. While US is struggling to handle Covid-19, China is already trading in huge volume and trust in the market is restoring.
This is not financial advice. Do your own freaking research and never blame the messenger.
If you are SEXY and you know it drop a like