I wouldn't trade BTC now in any direction if my life would depend on it..
The trend is still up but it will take a lot to break that 5600/900 barrier. If that bots there to push the price down as low as possible then I'd guess its also low on coins and if 900 can break then 1000 wont offer as much resistance. It doesn't seem too intent on going down hard though, not figured out if it has a low trigger yet but if its happy with a steady move in either direction then things could be calm for a while.Whatever it goes I am not touching it until it's clear as sun. It's in a stage where losing money is almost guaranteed.
As others have said, buy and hold, daytrading in Bitcoin is a 90% sure way of losing money. All the TA in the world is no defence against even a single whale trade and bots are the most advanced and high budget area of AI R and D. An army of corporate geeks get fat pay checks to find ways to fool you into losing money and their work is backed up by enough funds to clean out all the exchanges in an instant. Its only getting started too, when all wall street is playing with the charts anything we do will be like walking into a war with a pop gun.
No, it's not. Daytrading made my Bitcoin position some 30 times bigger. I made twice or triple of amount of Bitcoins I initially bought multiple times in one single day. I had many red days too but overall daytrading was good to me. Not sure for how long it would be now though as altcoin game changed as it's not as easy to jump in and out between them and btc anymore but so far it's been a good.
). But I'll trade whenever I see an opportunity to do it. Sometimes I'll lost but I'll probably gain more in good trades.
