Bitcoin Overall: Short-term trades! (Still consolidating)
2025-01-02
Category: None

As stated last time, BTC found a bottom and broke the local downtrend. I believe that this move will come to an end at/within the red triangle at the top, and will likely short from there to somewhere in the green triangle at bottom.

Overall, BTC is still in a consolidation phase. It has taken longer than I had anticipated. However, 'the larger the base, the bigger the space' does seem to apply here. We're just gearing for a move higher.

See the short/long position indicator for where I'm taking trades.