BTC has seen a major tumbling after the FTX saga. Hovering, the 17,000 level for almost a month. The spike up on the 30 Nov broke it and since then it's pretty staying above.
Now the 5D, 10D, 30D are all trending up.
Personally I'll be a bit more conservative, so 17,500 is probably when I'll start to go in :)
Disclaimer: Whatever I've said are just my own personal interpretations. Open for discussions. Not to be taken as advise.
OOOoops!!! Sorry. Was meant to post to my own blog!
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You start getting bullish at 17.5k?! This is why using moving averages doesn't work, it's a lagging indicator. Have you ever actually traded for any length of time and done it profitably? Most people haven't that tell you to follow these strategies...
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Thanks for the info :)
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Especially the mention of "fake-outs" .. looks like more homework to do :)
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