Bitcoin Snapped Support With A Weak "Fundamental" Reason
Technical: Snapped trendline after having
an unsustainable run above $300.
Fundamental: Oh no! NY said Coinbase
isn't actually licensed as an exchange! ...
Who cares? Let's not forget that big VC's
and the NYSE just pumped over 100M
into the company! Investment and innovation
will trump BS regulation any day.
My plan of action: Currently flat. Didn't try to
buy the dip at $250, and didn't short the
emotional panic when the trendline broke.
Looking for a high-probability pattern before
doing anything.
an unsustainable run above $300.
Fundamental: Oh no! NY said Coinbase
isn't actually licensed as an exchange! ...
Who cares? Let's not forget that big VC's
and the NYSE just pumped over 100M
into the company! Investment and innovation
will trump BS regulation any day.
My plan of action: Currently flat. Didn't try to
buy the dip at $250, and didn't short the
emotional panic when the trendline broke.
Looking for a high-probability pattern before
doing anything.
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