BTC is headed downward, moon boys will get wrekt!
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
All the moon boys are telling you that BTC has found a bottom and that “we are going to the moon!” Well, that’s Bullsh*t. Most of their analysis is based on hourly time frames (which is tunnel vision T.A.). If you want a more accurate view of where BTC is headed (Short and Long Term), you must zoom out and look at the Daily, Weekly, and even Monthly time frames. However, if you’re TRADING, then it makes sense to go with the hourly to minute time frames.
