The trend of BTC: What will happen next month?
BTC is still increasing in prices. The coin has been for the last month. However, the coin looks to consolidate soon in the next few months starting the beginning of June. Therefore, do not be afraid to hold and until May 21 in which a, then, small correction may occur, lasting a few months.
1. The number of buyers is decreasing. Simple MACD indicators will show you that the number of buyers is decreasing slowly. The coin will still have room to gain value this month but the gain is suspected to be around max out at the 10,500 to 11,000 range. Then a small drop should occur until a bottom of about 7,500 per BTC coin.
2. The effect of the correction will last a few months, possibly from June to October. You may still day trader, but stop losses may be more important than ever before.
3. The coin is simply regressing to the mean. Therefore, long-term holders should not worry.
The Summary: Enjoy this month of trading as BTC and other altcoins will increase in value until BTC hits around 10,500. The coin most likely will decrease in value afterward. The coin may continue to rise now but the long-term or 3 months prospect is hazy. For example, positive news may bring in enough buyer to continue the bullish BTC pattern. All in all, this is not a call to sell, but I suggest that stop losses should be set just in case. Regardless, the value of BTC will rise indefinitely in the real long-term or 6 months to 5 years, with increases that I cannot even imagine. In the scope of the next 3 months starting June, trade carefully.
BTC is still increasing in prices. The coin has been for the last month. However, the coin looks to consolidate soon in the next few months starting the beginning of June. Therefore, do not be afraid to hold and until May 21 in which a, then, small correction may occur, lasting a few months.
1. The number of buyers is decreasing. Simple MACD indicators will show you that the number of buyers is decreasing slowly. The coin will still have room to gain value this month but the gain is suspected to be around max out at the 10,500 to 11,000 range. Then a small drop should occur until a bottom of about 7,500 per BTC coin.
2. The effect of the correction will last a few months, possibly from June to October. You may still day trader, but stop losses may be more important than ever before.
3. The coin is simply regressing to the mean. Therefore, long-term holders should not worry.
The Summary: Enjoy this month of trading as BTC and other altcoins will increase in value until BTC hits around 10,500. The coin most likely will decrease in value afterward. The coin may continue to rise now but the long-term or 3 months prospect is hazy. For example, positive news may bring in enough buyer to continue the bullish BTC pattern. All in all, this is not a call to sell, but I suggest that stop losses should be set just in case. Regardless, the value of BTC will rise indefinitely in the real long-term or 6 months to 5 years, with increases that I cannot even imagine. In the scope of the next 3 months starting June, trade carefully.