Hello Everyone
An update on Bitcoin, XRP and Ethereum. Low volume on exchanges suggest chop/range trading, this is probably where most people lose their money. Chop is notorious for dropping just underneath support, looking like a bounce/reversal but just to get rejected at resistance again. The best time to trade is when there is clear direction. Chop markets are unpredictable and not an ideal time to trade.
Take a break,
I wish you a wonderful festive season!
Best Regards
Ev
An update on Bitcoin, XRP and Ethereum. Low volume on exchanges suggest chop/range trading, this is probably where most people lose their money. Chop is notorious for dropping just underneath support, looking like a bounce/reversal but just to get rejected at resistance again. The best time to trade is when there is clear direction. Chop markets are unpredictable and not an ideal time to trade.
Take a break,
I wish you a wonderful festive season!
Best Regards
Ev
