How strong are the buying urges of the ins.companies?
Hello beautiful person!
So, these are really troubling times ahead, with a large holiday season coming real fast along with end of year.
This month December is associated with expendure of cash and last chance investing before end of year.
Will this be different, because of the covid and lock downs? will people buy less stuff for the holiday season?
Will they rather invest some of the money rather than buying? just saving? or not affording to spend or save?
Whilst these question keep buzzing around my skull, what are the institutional companies doing, their strategy, when BTC are starting to lose steam and are looking into a correction?
WIll they keep buying the dips, hence minimizing the correction?
Or will they allow the correction to play out in order to buy cheaper BTC?
or worse, will they play along with the correction and sell along with the whales, hence steeping the correction even more in order to fill their lower buy in orders?
At this day of age its hard to know, because we are in uncharted territories now in regards to really large players in the BTC market, and they tend to have different strategy than private investors and traders.
Alas, the TA so far tell me that BTC have lost some steem and we are looking into a correction.
However, I will not sell any BTC at this point, even if we will correct; because I believe 2021 will be a great year for crypto.
If it correct, which I believe it will, I will buy some more.
The price level I will look at is:
- 15500 Euro, if this holds, and TA looks stronger, I will buy here. If TA still predicts a correction, I will wait to buy for next likely support.
- 14800 Euro, Same strategy as above but it has stronger possibility to be supported and will probably have a small buy orders here.
- 13800, this is a critical support line, because if this breaks the double top pattern is complete and indicates a strong correction. If this support breaks, we are looking for a larger drop, and this support line is a place I will be watching closely. If this holds, this support line could be a good bounce to move upwards.
BUT like I said before, these are really uncharted territories with these heavy type of investors, and trading now is risky, at least how I see it.
I still believe strongly in BTC and will continue to invest.
Stay safe and hope you all are having a great time.
So, these are really troubling times ahead, with a large holiday season coming real fast along with end of year.
This month December is associated with expendure of cash and last chance investing before end of year.
Will this be different, because of the covid and lock downs? will people buy less stuff for the holiday season?
Will they rather invest some of the money rather than buying? just saving? or not affording to spend or save?
Whilst these question keep buzzing around my skull, what are the institutional companies doing, their strategy, when BTC are starting to lose steam and are looking into a correction?
WIll they keep buying the dips, hence minimizing the correction?
Or will they allow the correction to play out in order to buy cheaper BTC?
or worse, will they play along with the correction and sell along with the whales, hence steeping the correction even more in order to fill their lower buy in orders?
At this day of age its hard to know, because we are in uncharted territories now in regards to really large players in the BTC market, and they tend to have different strategy than private investors and traders.
Alas, the TA so far tell me that BTC have lost some steem and we are looking into a correction.
However, I will not sell any BTC at this point, even if we will correct; because I believe 2021 will be a great year for crypto.
If it correct, which I believe it will, I will buy some more.
The price level I will look at is:
- 15500 Euro, if this holds, and TA looks stronger, I will buy here. If TA still predicts a correction, I will wait to buy for next likely support.
- 14800 Euro, Same strategy as above but it has stronger possibility to be supported and will probably have a small buy orders here.
- 13800, this is a critical support line, because if this breaks the double top pattern is complete and indicates a strong correction. If this support breaks, we are looking for a larger drop, and this support line is a place I will be watching closely. If this holds, this support line could be a good bounce to move upwards.
BUT like I said before, these are really uncharted territories with these heavy type of investors, and trading now is risky, at least how I see it.
I still believe strongly in BTC and will continue to invest.
Stay safe and hope you all are having a great time.