BTC (BTCUSD)

Not something we trade due to the nature of our core business. However, looking at the chart there are some interesting factors in play.

The blue and pink cross is the 50 crossing the 200 EMA on a daily.

Overall Bias is Bullish - Once it hits $10,000 it will quickly become a psychological level (less so on the way up) There will always be a use for Bitcoin as a pure store of value to other coins, large and small. With limited supply overall, there is only one real direction for BTC.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.