Bitcoin – The Good, the bad and the ugly, Bitcoin and Ripple BTC and XRP are both moving quite similarly at the moment both in upward wedges. There has been real trouble in Tech Stocks, Bonds and other devices falling, Gold has had a really hard time.
I’m expecting to buy more BTC when it bounces off of the bottom of the channel and XRP as well, although a quick resolution to the SEC case for XRP could see a big rally up which will be nice for me as I have been dollar-cost averaging it for a while.
This week however could be a little bit slow as it’s Non-Farm Payrolls on Friday so that means the markets will be holding their breath for that. Possible further drops on both pairs so I’m not buying more until I see a positive move up in the channel. It’s getting there but I’m not happy it is yet.
I really do feel for those people who buy everything at the top and not at the bottom. It’s not difficult to get right with things as long as you don’t use leverage.
Just a short thank you to everyone who follows my blog. It’s been amazing seeing the traffic go through the roof.
Everything is struggling at the moment. So don’t concern yourself too much, stay calm, watch Bloomberg, learn how the markets work.
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