BTC/USD. Is this the right time to short?!
Lately Bitcoin is really confusing ,at least to me , as I am so eager to short it. But may be I was wrong, or right but with the wrong timing .The 4h charts presents an ascending pennant pattern that follows the trend line since 15th of September(refer the fork). I believe that now we have reached the bottom of the fork and we are facing 2 options as always up and down. As it is ascending and we have bull market for 45 days and we expect the segwit2x I believe that we will need to reach 7k before going down.
In opposition to that idea -
Since 1st of September 2017 the crypto market cap hasn't grown and moving under 180 billion. And in order Bitcoin price reaching 7000$ or 7500$ ,we need to attract fresh money (15%-25% = 15 - 25 $ billion ) or squeeze out the Alts. I believe that both things will happen if we go in that direction.
Jhttps://coinmarketcap.com/charts/
!!! HAVE IN MIND!!! I am just sharing my point of view , I am not professional, just enthusiast. Cheers!
In opposition to that idea -
Since 1st of September 2017 the crypto market cap hasn't grown and moving under 180 billion. And in order Bitcoin price reaching 7000$ or 7500$ ,we need to attract fresh money (15%-25% = 15 - 25 $ billion ) or squeeze out the Alts. I believe that both things will happen if we go in that direction.
Jhttps://coinmarketcap.com/charts/
!!! HAVE IN MIND!!! I am just sharing my point of view , I am not professional, just enthusiast. Cheers!
أغلقت الصفقة: تم الوصول للهدف
I believe that we will observe a correction toward 6200 and rebound! toward 10k.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.