Bitcoin had good news this night, it passed the $4000 level produced by the fear of a conflict between North Korea and USA.

The price is way overbought, what means that a healthy correction in the market is going to happen sooner than later. We saw tonight a scary fall on some altcoins like Ethereum or Litecoin. The market is starting to bleed and is becoming very volatile. I honestly think that the only reason that it has not fallen way more is the bullish state of Bitcoin. A lot of investors are using Bitcoin as a fallout shelter, as it usually happens with gold. But once this uptrend changes (because it always changes) and the diplomacy comes to stage, the market is going to follow the Bitcoin fall, so let’s better be careful. If you are a hodler of your coins, then all this doesn’t matter, just hodl for long-term, but if you have trade positions, is a good moment to start thinking of taking profits.

Today’s trade recommendation is that you remove your trade positions, take some profits and wait for the next dip to get it again. Better soon than never.

IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.

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