Bitcoin Volatile and Building Base Will you trade today? Forex Bitcoin
Enter your emailThis is a market that I think has some work to do, and the quieter that it is, the better off we will be.That being said, the market has been chopping around and trying to form some type of base, but at this point we still have a lot of work to do before we turn things around. After all, there has been a major “risk off” attitude to the markets in general and it is likely that we will see continued selling pressure any time we rally.
I believe at this point it is likely that we will eventually get a long consolidation area to pay attention to and try to build a bigger position. The Bitcoin market also has a major influence on other markets in thesphere as well, so even if you are not trading Bitcoin itself, you need to pay attention to this market if you are doing anything crypto related. The US dollar has a major influence on what happens here as well, so keep in mind that the inverse correlation should not be ignored.
this is a market that I think has some work to do, and the quieter that it is, the better off we will be.Top Forex Brokers
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