Digital Currency Past Present Future - Is Bitcoin Headed Off the Cliff?
Michael Novogratz: “Bitcoin May Dip to $8K” — Puts Crypto-Hedge Fund on Hiatus.
Full article here.
Is Novogratz Right?
Perhaps the technical analysis below is what he is seeing. Until bitcoin's crosses the upper red line, chances are, it could turn downwards and head off the cliff.
We're not out of the woods yet
As we look at how this develops in the next few days, we need to make another tough decision - HOLD, SELL or BUY?
Technical analysis is no crystal ball and it can only present possible scenarios. Should we follow Novogratz move which seem to follow the 2 rules of trading - (1) Never lose your capital; (2) Don't forget rule # 1.
It's time to think and make that hard decision...AGAIN.
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