Wednesday 25 November 2020

Bitcoin: Just a fair warning

It's all fun and games until you wake up and see your portfolio 20% down. Remember these are exciting times and Bitcoin could rally substantially higher from here, but there will come a day in the not-so-distant future where Bitcoin will correct and we will seek to hold the 20 week moving average (MA) as support. When that day comes, you need to be emotionally prepared because it has a way of turning those with even the strongest stomachs. In this video we take take a pragmatic view of the market and discuss some potential future outcomes and how you can best handles these outcomes. TA Video by Benjamin Cowen.