Does BITCOIN Have Enough Steam To Break the 200MA?

March 21, 2018

 

 

After being asked yesterday if I thought Cryptos were in a bubble, ive decided to share my thoughts at this point of time... (some will say that I must be getting splinters for sitting on the fence, but hedging is an important facet of my trading instead of just holding)

 

“Good morning, I wouldn’t say that we are still in a bubble... we had a good deflation but dont see us ever getting to 0. 

 

Whether we are in a bull or bear market is the bigger question and it seems like we are on a real knife edge at the moment with a lot of pivots and trend lines all converging. So I’m keeping a couple of hedges with in our portfolio as the previous shorts have been working well. 

 

Ive built up a quite a fair amount of available funds to capitalise on any further corrections and once we have some really strong bullish signals coming through, with the option to open more equities 😉 

 

*note* I am still very bullish very long term on crypto across the board with slight favour to $XRP “

 

The main thing I’m keeping an eye on at the moment is the 200MA and if it can break the plain and hold it.

 

 

 

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Disclaimer, None of the information contained with in this site is trading advice and should not be considered as trading advice! It is merely documenting my personal journey trading and outlines what actions I have taken, and what steps I will be taking. 

TRADING carries risk! only trade with money that you are willing to lose! 

Liverpool, UK

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