Things are very exciting for Crypto market with Apple rumoured to be thinking of doing an Elon Musk and buying up a large amount of Bitcoin. But marred by India and Nigeria who are trying to ban it (that won’t work, they don’t have jurisdiction over Bitcoin). You can’t ban something you don’t own.
My concern here is that it will increase the price of Bitcoin on news — so although the price will go up again the market is simply pricing in what might happen, then the price will gradually fall back to its fair price (which is, in fact, increasing all the time).
Is it too late to buy Bitcoin, with Apple standing in the wings?
Is it too late to buy Bitcoin? Not in my opinion and I’m still adding to my position in Bitcoin, I’m holding Ether and XRP as well and a number of stocks and shares including the ever more boring $GME. I hoped for a movement, I got stagnation.
Some shares are stuck in a box Amazon and Tesla, Amazon has been stuck for quite a while — we need something to break them out — of course, this kind of flag rarely ends going down.
Looking forward to seeing both Tesla and Amazon break out.
However, I will point out Amazon has been stuck in this box for around 4 months.
My Forex Robot had 2 signals last night: NZDCAD & EURCAD which the processing robot refused to take because the ATR was too small and they are also trading in a box. Waiting for my next signal
It looks good — but it’s like Amazon and Telsa, in a box with a low ATR that means the Risk-Reward was too small. So waiting for the next Trade.
Charts courtesy of TradingView & StrobotUltimate
