Enter your emailIt may take a while, but as soon as the “risk on” attitude returns to the markets, that should help Bitcoin itself. initially rallied on Friday but gave back the gains in order to form up an inverted hammer, which could give us a little bit of a clue as to what is about to happen.
We are sitting on the 200-day EMA area, which will attract a certain amount of attention, but at the end of the day this is a market that simply seems like it is killing time.At this point, the next couple of days could be very quiet as most traders will be focusing on new year celebrations than anything else.
It may take a while, but as soon as the “risk on” attitude returns to the markets, that should help Bitcoin itself.market is probably sitting around waiting to see what Bitcoin will do, as it tends to be a major influence on what happens in general. As things stand right now, it is probably a market that you can take your time with and gradually build up some type of position.
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