BitcoinLong
Bitcoin Update - booking profits and waiting
After a nice markup phase, Bitcoin is currently stalling out.
Above us we have the resistance of the 200 daily simple moving average. This is a tough nut to crack.
Time transformation, one of our primary momentum oscillators, just printed a bearish cross under and overbought territory. This is considered a sell signal.
Rather than exiting my entire position, I am going to take partial profits here, update my stop loss, and wait for price to break out of this range.
Above us we have the resistance of the 200 daily simple moving average. This is a tough nut to crack.
Time transformation, one of our primary momentum oscillators, just printed a bearish cross under and overbought territory. This is considered a sell signal.
Rather than exiting my entire position, I am going to take partial profits here, update my stop loss, and wait for price to break out of this range.
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