Crypto Daily: IMPORTANT!: The Reason for the Bitcoin Rally & Where to Sell Featured

  • Friday, 08 January 2021 20:43
IMPORTANT!: Why Bitcoin is Currently Rallying & Where to Sell Use the exchange of professionals ? 5% off fees: https://ftx.com/#a=Cameron Twitter: https://twitter.com/Crypto_Daily Instagram: http://instagram.com/crypto_daily I will try and answer why Bitcoin is rallying and where you should sell in the most complete and rational way possible using on and off chain indicators and historical precedents. This is always a dicy question in general to answer, the entire price history of Bitcoin can attest to that. But the question gets even harder to tackle in a Bitcoin bull run. Rule number 1 of trading, don’t fight the trend, it is your friend. Because we’re in price discovery mode, there is no historic horizontal lines which are by far the most accurate predictions of support and resistance, but that doesn’t mean we can’t draw some new ones ourselves. To do that, we will use the Fibonacci retracement tool to give us our lines. Disclaimer: I am not a financial adviser and this is not financial advice. #crypto #cryptocurrency #bitcoin

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.