Bitcoin: BTC Remains Bullish For Now (November 2019)

Bitcoin: BTC Remains Bullish For Now (November 2019)

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Bitcoin: BTC Remains Bullish For Now (November 2019)

Bitcoin bulls continue to remain in charge and we are yet to see further upside in the market. However, we before we get into that let us talk about how you should be approaching Bitcoin or any other investment. There are two types of people in any market: traders and investors. If you are a trader you need to have the skill set to trade every move otherwise you will end up losing your coins and in the need you may have lesser number of Bitcoin than you started with. On the other hand, if you are an investor or someone who does not want to be around charts 24/7, you can look at the BTC/USD chart once a week and decide whether the price is oversold or overbought enough to buy or sell based on the RSI or the Stochastic indicator.

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As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.

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