Bitcoin Price Low Getting Close
"It is always darkest before dawn." Wise words indeed. For Bitcoin bulls and/or people on the outside looking in, it must be starting to look like Bitcoin is a very bad investment. But this selling is (at worst) almost finished. Within days, the market will turn and start an advance that will cause traders to quickly forget the events of the past few weeks and months. If you will recall, we noted in an earlier article that the time-frame between 12/17 - 12/29 was flagged as an energetic period, and the likely end of the bear market. For reasons not thoroughly spelled out here, I believed....
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Here's a look at what we are focusing on in the bitcoin price this morning. Right then. Friday morning, a day left of the business week, and what a week we’ve had in the bitcoin price. There’s been so much volatility that the action has eclipsed that which we saw last week (and comparatively, last week was a lot more volatile than the week before) and we’ve had numerous opportunities to get in and out of the markets according to the rules of our intraday strategy. Boy did we take them. We’re heading into the close of the week sitting on a nice profit, and we’d like to close out with a....