Bitcoin may retrace 20% this coming week

The general view is that we are in a bull run now, but those of us who don't listen to the shockjock talkfest are more cautious. The likely market direction is to continue rising gradually higher over the coming weeks, but this week we will most likely test the range with some short selling.

This will provide a great opportunity to buy a little more on the dip, and to continue with the dollar price averaging strategy. Bitcoin is heading up, no doubt, but always remember it is not that simple, and those seeking to trade are often caught with their pants down, with the normal market swings inside the support and resistance lines.

The easiest way to get wrecked to simply trade, and even easier is to trade on margin. My advice is to buy affordable amounts regularly, and to HODL.

Of course the best idea is to educate yourself and not follow my advice or anyone else who is promoting a point of view. It is all just hot air, and meaningless babble. Only afford to trade what you can afford to trade.

Big things coming for us all- make sure you own some BTC.