First time I didn’t know how to cash out either, I remember using Coinmama and bought it with my credit card, went directly to my blockchain wallet.
LocalBitcoin is a good option yes, Bitstamp (exchange platform) is better (higher rates). You send your Bitcoin to your personal btc address, wait for like 30 minutes (3 network confirmations) then immadiately trade it to Eur or USD, then withdraw to a bank account.
Transferwise is not crypto friendly their terms and conditions say you cannot transfer money from crypto exchanges, but I heard some people do and get away with it. You can still try, if they ask questions say you didn’t know.
Yes , bur I never sold into cash with them. You can register your bank account with them and then you can do it. But the spread is usually 7 or 10% for sale into cash.
I am still shorting Bitcoin with a target around 3.5k (to be conversative) and a stop loss around 10.8k, but the model above gives both possible scenarios, with I reckon the most important price which is at 10.5k (rejected in Oct 19 and again rejected in Feb 20).
Answer : nobody knows
I have some money waiting if it breaks down, otherwise I’m letting it ride…
Ethereum is more important than bitcoin, if it succeeds then bitcoin will be lifted up too.
what are you using to short? I use TD sequential and typically, this would be a good time to short but BTC is looking strong on the weekly timeframe, so I’d hold off on shorting it right now and see how the daily chart plans out and see how next week’s candle looks. if it continue bullish, it will be better to enter a long trade as the weekly chart is looking like it has solid momentum.
I use Naga.com (aff link), just opened a short position at 9k to 8.6k but of course it could go much lower.
I will enter long if we break the 10.5k resistance.