BITCOIN: Are your ready to rock?
Bitcoin / Dollar BITSTAMP:BTCUSD
Bitcoin is into a tight squeeze on the weekly time frame. It could go either way. Loads of traders are gearing up for what could be a major move. Some with crystal balls are making predictions and so on.
It could go north or it could go south. Anything can happen in the next week or two.
I’m busy watching microtrends (4h to 8h), as I certainly don’t get involved in trading weekly time frames. With a very volatile instrument such as Bitcoin I think a 8h time frame is about right.