Does BITCOIN Have Enough Steam To Break the 200MA?
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.