BTC is starting to look interesting again at 17,500
BTC has seen a major tumbling after the FTX saga. Hovering, the 17,000 level for almost a month. The spike up on the 30 Nov broke it and since then it's pretty staying above.
Now the 5D, 10D, 30D are all trending up.
Personally I'll be a bit more conservative, so 17,500 is probably when I'll start to go in :)
Disclaimer: Whatever I've said are just my own personal interpretations. Open for discussions. Not to be taken as advise.
OOOoops!!! Sorry. Was meant to post to my own blog!
You start getting bullish at 17.5k?! This is why using moving averages doesn't work, it's a lagging indicator. Have you ever actually traded for any length of time and done it profitably? Most people haven't that tell you to follow these strategies...
Thanks for the info :)
Especially the mention of "fake-outs" .. looks like more homework to do :)