It's lunchtime Saturday in Europe. While the victims of Paris attacks are in our thoughts, the bitcoin market never sleeps.
However, judging by the price action so far, it may as well be asleep. It's trader hell with a choppy pattern that can't seem to find a direction. Good for some scalping of little profits, but overall better to just stay out of it.
Often times we can see big moves come on the weekend, so one should still keep in mind the potential for some unexpected action. If anything, the risk is to the downside, judging by the futures basis and the trend since we hit $500. We'll see.
Until next time.
However, judging by the price action so far, it may as well be asleep. It's trader hell with a choppy pattern that can't seem to find a direction. Good for some scalping of little profits, but overall better to just stay out of it.
Often times we can see big moves come on the weekend, so one should still keep in mind the potential for some unexpected action. If anything, the risk is to the downside, judging by the futures basis and the trend since we hit $500. We'll see.
Until next time.
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