BTC / USD - Short term trading range w/in pennant channel
Tread & trade carefully, BTC volatility is up. This is good for short term trading, until it breaks out of this channel in either direction.
Easy short term trading ranges - buy at stopping points near the bottom of the channel, sell at stopping points near the top.
Long-term, the big question is do we continue to follow SP500 or do we finally become a hedge against it. Personally hoping for the latter, and timing for that couldn't be much better than now with us getting some distance passed halving, looking at the history of our long-term chart for BTC, and the potential for a stock market / inflationary dollar crash.
Easy short term trading ranges - buy at stopping points near the bottom of the channel, sell at stopping points near the top.
Long-term, the big question is do we continue to follow SP500 or do we finally become a hedge against it. Personally hoping for the latter, and timing for that couldn't be much better than now with us getting some distance passed halving, looking at the history of our long-term chart for BTC, and the potential for a stock market / inflationary dollar crash.
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