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NgheTrade
Aug 2, 2021 9:35 AM

New downtrend cycle? Will BTC be priced under 20K ? 

Bitcoin / U.S. dollarBitstamp

Description

First of all, sorry for my bad english
Second, I don't like short BTC

I think it's difficult, but after reviewing the history I think it's still possible.


2014 - 2015


2018 - 2019


2021 - 2022 ?





Comment

I don't know the result.

Trade closed: target reached

Bad truth
Comments
ATH_Buyer
I am agree with your idea compare to historical data.
But can you explain this: "There is one small but very important detail that we all need to keep in mind and that is the taproot upgrade coming to the Bitcoin network in November 2021.Once this upgrade is implemented we can see Bitcoin go as high as $100,000 or even hit $250,000 to $300,000 late in 2021 or Q1 2022."
I think we will see one more dip but not 100-200 days may be 2-3 months?
NgheTrade
@ATH_Buyer, Hi bro. I have been trading full time for about 5 ayears.In that time, I don't care about news or volume or anything.
I follow the trend. Which period is not clear, sideway, I will not buy or sell. Most importantly I always have a stop loss.
GerryB
Maybe we wanna close some CME gaps at the bottom of 24K. a Nice dip down and a wick to 12K will be amazing for the market.
nowherexxx
@GerryB keep on dreaming, you won't buy back
NgheTrade
@GerryB, Market is crazy, nothing is impossible
GerryB
@IchimokuAz, having a couple of deep lines in the water might just pay off.
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