BTCUSD DAILY CHART – What can I say about Bitcoin?
What can I say about something that moves up 6%, then down 13% and back up 11% before settling in a range around 100K?
My first instinct is to say, where’s your stop?
For trading, 100K is the obvious bias setting level and use round numbers like’
90K, 95K, 100K, 105K 110K
rather than fine tune with technical points.
Market will likely stay in a bid on dips mode but needs 100K+ to make it a strong bid.