Bitcoin is not a traditional commodity, so I'm not sure where those "support levels" are going to get you. I find cryptocurrencies have a stronger correlation with public awareness than traditional equities, but don't exactly work well with traditional day trading strategies. If you are making money day trading bitcoin, you are probably just picking up bits and pieces of the overall up trend. The fact is that holding BTC in the long term is far more profitable, especially considering the value of time saved.
Thanks for the analysis @lovecoin
awesome
Bitcoin is not a traditional commodity, so I'm not sure where those "support levels" are going to get you. I find cryptocurrencies have a stronger correlation with public awareness than traditional equities, but don't exactly work well with traditional day trading strategies. If you are making money day trading bitcoin, you are probably just picking up bits and pieces of the overall up trend. The fact is that holding BTC in the long term is far more profitable, especially considering the value of time saved.