Buy Pressure in bitcoin but not confirmed from the fundamental, so, it isn't going to the moon ;-)
Conservative Traders: Stay Neutral, wait confirmations.. Agressive Traders: Long for a fast trade up to the last higher price area 300-320, split position, breakeven the position and leave the last part of the trade take the rest.
That indicator is linked to the statistics on the Bitcoin Blockchain, look at the linked page "New Bitocoin Bubble or Not New Bitcoin Bubble ? Look here..", basically, when there is "Network deficit" (red line fall down) , you have a bubble in bitcoin.. now there isn't present any movement of the red line
IvanLabrie
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Hi, I simply base my analysis on price action. I don't consider any kind of fundamentals for Bitcoin, personally.
IvanLabrie
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What is this blockchain statistics indicator?
IvanLabrie
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Nevermind, just read the explanation.
boblovelily5597464
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300? so less?
beller
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simply, i don't see any confirmation to have a huge movement until now