It’s on fire. Destroyed many a short sellers.
shorting against an uptrend is like playing Russian Roulette
It’s not a lesson learned.
Nice up candle to start the day, I need to see a close above 9600 that should clear the way for another leg up, lots of bears out there calling for a retest of the lows near 6000, I doubt that will happen but if it does I will be a buyer
This is why you do not chase a parabolic move
The Weekly candle looks like it will hold 10K , I have not updated my Buy Weekly chart in a while but it is easy to see you would have some nice gains so far in 2020
here are the YTD numbers, 6 weeks of buying $100 of Bitcoin at the opening price of each new week, that $600 investment is now worth $743, that is 24% profit in just 6 weeks
What news event did I miss to cause this
The beginner's guide to FX trading