A different perspective on BTC

٢ أغسطس ٢٠١٨

I believe that economy is a work of nature, science and art. Using particular strategies for analysis can easily allow one to predict the outcome of a security. Although, along with predictability comes the given fragile nature of the market. Any political events can take any security of its natural course, into booming success, or utter failure. Given this concept, the best possible way to make way through future markets is looking at a security in long term and having patience. If the first people to either buy or mine BTC did not hold on to it for 8 years they would not have made anything close to the fortune that awaited them in the December of 2017. So my advice is, if you are not in need of money right away from bitcoin, hold onto it and look at it from a wider perspective. As seen on the chart, there are falling wedges throughout this month (a bull sign) and I have drawn a major resistance line at about 6.1k based on its monthly low. I hope my advice helps, and happy trading!