The crypto and market education platform, IncomeSharks, took to Twitter on October 19 to reflect on a previous post about Bitcoin (BTC) and the best strategy to adopt when it comes to trading the crypto market leader.
IncomeSharks predicted back in June that the best strategy when it comes to trading BTC might be swing trading and accumulation. The platform also stated that it is bullish for the mid-term for BTC. The post also stated that it could be wise to “derisk or sell” by the end of November or December.
Bitcoin / Tether US 1D (Source: Binance)
In the platform’s latest post, IncomeSharks announces that they will be sticking to this strategy, although October has been a slower month for BTC than expected. The platform did, however, add to the post that it is still very difficult to predict the price of any crypto on the daily, never mind for four months. This is why it is important for traders to still tread with caution.
Data from the crypto market tracking website CoinMarketCap indicated that BTC is currently trading at $19,229.13 after a 1.51% drop in price over the last 24 hours. Although the crypto is down over the last day, BTC is still in the green by 0.31% over the last week.
BTC did, however, weaken against its competitor, Ethereum (ETH) by about 0.08% over the last 24 hours.
The crypto market leader’s 24-hour trading volume is also in the red by 1.36% to now stand at $368,917,673,787. In terms of market cap, BTC stands at $368,917,673,787.
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Source: Cryptocurrency - investing.com
