$BTC has started moving with gold’s pattern again. CoinShares basically means capital is using it as an inflation hedge.
Next week, the probability of a rate hike has jumped to 60%. Two Fed bigwigs gave speeches and even fought each other— the market has no idea which direction to take. The sentiment index is already 69, in the greed range. At this point, mindlessly chasing highs is just handing shares to the main players.
If it’s range-bound, then trade it in a range—don’t chase at the upper bound. Buy in batches near the lower bound. Set your stop-loss properly and don’t try to “hold against” a position. If you’re holding spot, hang on—don’t get knocked out by a single wick.
Do you currently have $BTC in your hand?
If you do, press 1; if you’re in cash, press 2
#Write2Earn #BinanceSquare #BTC
Next week, the probability of a rate hike has jumped to 60%. Two Fed bigwigs gave speeches and even fought each other— the market has no idea which direction to take. The sentiment index is already 69, in the greed range. At this point, mindlessly chasing highs is just handing shares to the main players.
If it’s range-bound, then trade it in a range—don’t chase at the upper bound. Buy in batches near the lower bound. Set your stop-loss properly and don’t try to “hold against” a position. If you’re holding spot, hang on—don’t get knocked out by a single wick.
Do you currently have $BTC in your hand?
If you do, press 1; if you’re in cash, press 2
#Write2Earn #BinanceSquare #BTC
