Bitcoin to Fed - we need more
Fed's BS printed another new all time high per the latest update, but as we all know, that is now enough for bitcoin that has had a brutal week.
Our main take remains, bitcoin is a master of volatility, but unless you know how to manage that downside volatility (most have no clue), things won't get easier going forward.
Regular readers of TME have seen the second table on more than one occasion. You can believe in bitcoin up or down, but unless you have a proper methodology to manage your risk, you are "out" as hope itself isn't a strategy.
Some people need to make 25k from here in order to break even...think about last time you had such a trade...
Our main take remains, bitcoin is a master of volatility, but unless you know how to manage that downside volatility (most have no clue), things won't get easier going forward.
Regular readers of TME have seen the second table on more than one occasion. You can believe in bitcoin up or down, but unless you have a proper methodology to manage your risk, you are "out" as hope itself isn't a strategy.
Some people need to make 25k from here in order to break even...think about last time you had such a trade...