The Professional Guide To Bitcoin Price Action

Simple Bitcoin Chart. We are approaching a decision area, The market will give us a direction for the next few months and will certainly start getting a bit more volatility which is what us traders need to make money. As a trader you should not care what direction the market goes in, we should always be prepared to enter the best possible trade with the least amount of risk in order to be successful. I find that all scenarios are very viable since the market can be swiftly manipulated to keep it up for a few more days, weeks, months, years. What It comes down to is that I believe that we must drop before we pump, The quicker we do that the better the chances that we can actually start growing in prices. Another thing is that the price growth wont be able to just recover in a few months, This move back up will probably include sideways movement for months and the uncertainty will make people stop trading and focusing on the market. I think we are appx. 1-2 years away from reaching the next top to create the ATH and approach the next barriers. Somewhere around 2020, But who am I? Just a trader that has been actively trading the markets for over 7 years.

I would focus on the technicals and long term holding will require you to be taken for a ride. Best approach for long term holders are to dollar cost average, medium term is to trade to and from resistances. Hedge if you can its a great tool to add coins to your wallet.

And best of luck guys! If you like this chart, Hit the like and share button to get some more people to see it!

This is not financial advice, Be safe! Watch your money because if you dont someone will :)