Bitcoin Snapped Support With A Weak "Fundamental" Reason
Technical: Snapped trendline after having
an unsustainable run above $300.
Fundamental: Oh no! NY said Coinbase
isn't actually licensed as an exchange! ...
Who cares? Let's not forget that big VC's
and the NYSE just pumped over $100M
into the company! Investment and innovation
will trump BS regulation any day.
My plan of action: Currently flat. Didn't try to
buy the dip at $250, and didn't short the
emotional panic when the trendline broke.
Looking for a high-probability pattern before
doing anything.
an unsustainable run above $300.
Fundamental: Oh no! NY said Coinbase
isn't actually licensed as an exchange! ...
Who cares? Let's not forget that big VC's
and the NYSE just pumped over $100M
into the company! Investment and innovation
will trump BS regulation any day.
My plan of action: Currently flat. Didn't try to
buy the dip at $250, and didn't short the
emotional panic when the trendline broke.
Looking for a high-probability pattern before
doing anything.