Greetings all, To hodl or not to hodl? I'm a demo forex trader and I currently hodl some btc and a few altcoins, I don't particularly trade cryptos, but I try my best to read up on sentiment and fundamentals behind the coins to help me sell high to buy back in low, or buy low and sell high. I was looking at the chart and trying to figure out where I stand with the current BTC situation, as far as I can see on the chart, Hodling is best for now? how can my analysis of this chart be improved?
many thanks in advance!
many thanks in advance!
I should also apologize for misplacing the label of the 0.786 fib retracement level. it should be a bit higher, at around 11349, which is where I would expect price to turn and rally back up if it does indeed manage to gain enough momentum to break below the 0.618 fib retracement region.