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Eugene: Long on Bitcoin and Some Small-Cap Altcoins
Summary: According to reports, trader Eugene Ng Ah Sio stated in a personal channel post that he is long on Bitcoin and some small-cap altcoins. With almost everyone on holiday break, even the big sharks are waiting and not biting, as the price of Bitcoin failed to effectively drop below $84,000. The entire market's trading volume ...
According to reports, trader Eugene Ng Ah Sio stated in a personal channel post that he is long on Bitcoin and some small-cap altcoins. With almost everyone on holiday break, even the big sharks are waiting and not biting, as the price of Bitcoin failed to effectively drop below $84,000. The entire market's trading volume has collapsed, and sellers are quite exhausted. As long as a few big buyers enter the market, the thin order book will be easily torn apart. The upside potential for going long below 90k looks good, with clear stop-loss levels. I would rather take a chance here now than hesitate or be indecisive at 95k or even 100k. Additionally, historically, January is usually a month with significant volatility, and I bet that as December ends, this volatility will return in some form.
