BTC is trading within an all time high, this means price is showing it's value for the future so that Institutons and smart money investors can buy it when it moves back to a cheap price. Right now the open float is bullish and institutions will look to sell to anyone that is trying to buy bitcoin at these prices.
The investment strategy would be to wait for a break in market Structure on the lower timeframe and sell expensive bitcoin to retail investors that chase price
The investment strategy would be to wait for a break in market Structure on the lower timeframe and sell expensive bitcoin to retail investors that chase price
Trade closed: stop reached:
Proven Incorrect. I had no understanding of this market.