Telegram Trading

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Assessment: The 200 SMA is proving to be tough for Bitcoin. Just no real bullish push right now in cryptos…which sort of goes with the lack of any buying interest in the financial markets.

Bitcoin chart:

I keep saying it, but this is the first year in a long time that it seems all the institutions and traders said to one another, “what do you say we all agree not to trade so nobody gets hurt and we enjoy 3 months off?”

Maybe something gets exciting in the weeks ahead…but I would not bet on it based on “past performance” this summer.

Good luck in your trades!