Fishermen Trading
Fishermen Trading 1 minutes reading from Bitcoin

Bitcoin Price: Two Price Attitudes

BTC: There are two price magnets in play here if we look at the bigger picture. We can see that the price is trapped in a close range and still remains to show its face. A clean break upwards indicates that the price magnet upwards has the highest probability to get a visit

If the BTC price breaks down, there is more blood to come. However, my most likely outcome will be a visit to the higher price magnet before visiting the lower one...

Pro Tip: If you're not sure on whether the price will go up or down, but you do expect for the move to be volatile, there's a way for you to profit from that! You can look into opening an option straddle to capitalize on the market swings either way

And as always be vigilant on how much of your precious capital you wager

BTC Volatility is low af! Something will have to give either way soon since crypto isn't dead... Do the math

This post is based on this twitter thread.


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