We experienced a sudden bull surge, breaking out above the $4000 resistance level this morning and setting a new high of $4145.41 on Binance. Volume in Binance dropped going into the weekend but swelled by roughly 40M during this bull push. For months now we have been seeing interesting bitcoin price
activity on the weekends.
The joy and pain of a 24/7 market
One of things we love the most about the crypto markets is that they never shut down, they are 24/7 unlike the traditional markets. But with that and the extreme volatility within these markets you have to fly by the seat of your pants! You can miss out on moves like these in an instant. That is a double edged sword as well. One thing we have to be aware of constantly in these markets is not making hasty decisions on when to get into them. You must always control your emotions.
This is an extremely strong bull push occurring right now. Anyone jumping in now please be careful! Don't let the FOMO get you. Make educated decisions and wait for the market to settle down a bit before jumping in it. These kinds of pushes often retrace quickly, which we are seeing now. Look at the charts Here and see how fast this move was happening. We've had a strong bull week, let's see if it holds.
Be Careful, & Have a Great Weekend!
This morning's bitcoin price charts
Here we’re looking at the 30M 02/23/19 BTC / bitcoin price charts at 09:38, 09:41, 09:51, 09:59, 10:01, 10:02, 10:04, 10:05, and 10:10 AM PST, using MACD, MA, RSI, and Stochastic RSI Indicators:
Price analysis provided by Alt Trading Systems
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