RE: Bitcoin (BTC) Morning Update: The Final Dip?
So, you knew, ahead of time, that Trump was going to make a tweet to de-escalate the "war drums" over the situation in Syria & with Russia??? As opposed to a, "Black Swan Event," we could call this a, "White Swan Event." Currently, this upwards momentum got stopped cold as soon as it ran into the longer-term downwards trend-line. So, this was a nice spike upwards, but we still have not breached that long-term trend-line. Will we? IDK. You don't know, either. We are now consolidating. I just saw $200 Million got sucked back out of the overall market cap by people taking short-term profits - which is a decent move at this point.
All of the moving averages are still lined-up perfectly for an overall bear market. This is not yet a confirmation of an overall bull market. It's a short bull move for a good short trade. It needs to be verified by future price action.
Did @haejin tell you, yesterday, to "BUY, BUY, BUY!!!" ??? If so, I missed that memo. I'm still good with the short trading - up 11% from yesterday. It's good, but it's not really the "big deal" that we will all see when a new bull momentum kicks back in. Bottom line, this still needs to be verified before anyone can call it anything.