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Chart Advisor: Business, Beauty, Bitcoin

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Beauty is often found in simplicity and I see just that in a current chart of Bitcoin. For as long as I have been a technician, I have probably tried every imaginable indicator, timeframe, and strategy under the sun. As you find your way around the business however, you will learn that less is more, and just enough is the key to a successful trade. I should preface this particular post by saying that for me, Bitcoin is not a trade. I have owned it for over 9 years through the euphoric highs and gut wrenching lows. The longer you own an asset, the more immune you tend to become to both. That being said, in my opinion it is one of the more textbook technical setups as I write this today.

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