CryptoTraderMark10

Just to keep it simple...

BITSTAMP:BTCUSD   Bitcoin
People are getting very confused and thrown around right now, but zooming out you can see we're still in the same massive upward channel. The 10K area is huge resistance. If we break it, it's a nice long. Alternatively if we break the channel to the downside, it's a nice short. In between it's just day-trading and scalping and being at the whim of the MMs and whales. There are a million different patterns you could draw - some bearish, some bullish, all totally valid, and of course only one will end up being "right" but you won't know which one it is until it's too late :)

So stick with what you know is happening.

Upward channel.

Cheers and happy trading...

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