It looks like retail traders are starting to come back to bitcoin whilst it appears the institutions are staying out at the moment. I would be happy to short it once it completes it’s upward run as the coronavirus continues to impact markets.
I am very very cautious on trading crypto because I don’t think there is enough strength in the market, buying small amounts is probably a good plan at the moment.
Sterling is dying but Crypto Grows
Sterling is continuing to drop against the US Dollar at an alarming rate.
My favourite trade yesterday was this USDJPY long. I’ve moved the stop inside the entry but look at it trading up into the channel.
Last week Friday I actually traded it down to the bottom of the channel where the red tick appeared on the indicator (written by me).
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