When Bitcoin Broked the neckline of descending pattern nobody beleived it will touch around 3100 and than the prices rised a little up because everyone knows that nothing goes straight up/down (Correction). AFter that it made a small but "STrong Ascending channel which it broked bluntly and made prices straightly to 5000 from 4000 that break out made people think that maybe its a start of an uptrend.
But Wait are we reached over target of descending pattern ? which is way more lower still (technicaly speaking)
now "If" someone asks how to determine targets i should say S.F that this information is all covered in my Trading Course Which you can start from now
"Now" if we talk about macd which is Lagging indicator but "Still" very much helpfull when market is in ranging or countertrend we say low price volumn there indicating something is wrong
i will not be talking about moving averages because its under process now..
Bitcoin (Cryptocurrency)
Bitcoin (BTC) is the first decentralized digital currency, created in 2009. It was invented by Satoshi Nakamoto based upon open source software and allows users to make peer-to-peer transactions via the Internet that are recorded in a decentralized, public ledger. Bitcoin has the largest market capitalization by far of all cryptocurrencies, 19 times larger than the runner up Ethereum. The number of units is capped at 21 million, 16 million of which are available. The cap ensures that inflation won't decrease their value.
When users allocate computer processing power towards the mining of Bitcoins, they are rewarded with transaction fees and newly created coins. Units can be bought or sold against other cryptocurrencies or against fiat currencies like the USD or the EUR at many exchanges, which operate like physical currency exchanges. Units can also be saved or obtained in exchange for goods or services. TradingView, for example, accepts Bitcoin for annual plan payments, as one of many companies that allow their online products or services to be bought with Bitcoin.
But Wait are we reached over target of descending pattern ? which is way more lower still (technicaly speaking)
now "If" someone asks how to determine targets i should say S.F that this information is all covered in my Trading Course Which you can start from now
"Now" if we talk about macd which is Lagging indicator but "Still" very much helpfull when market is in ranging or countertrend we say low price volumn there indicating something is wrong
i will not be talking about moving averages because its under process now..
Bitcoin (Cryptocurrency)
Bitcoin (BTC) is the first decentralized digital currency, created in 2009. It was invented by Satoshi Nakamoto based upon open source software and allows users to make peer-to-peer transactions via the Internet that are recorded in a decentralized, public ledger. Bitcoin has the largest market capitalization by far of all cryptocurrencies, 19 times larger than the runner up Ethereum. The number of units is capped at 21 million, 16 million of which are available. The cap ensures that inflation won't decrease their value.
When users allocate computer processing power towards the mining of Bitcoins, they are rewarded with transaction fees and newly created coins. Units can be bought or sold against other cryptocurrencies or against fiat currencies like the USD or the EUR at many exchanges, which operate like physical currency exchanges. Units can also be saved or obtained in exchange for goods or services. TradingView, for example, accepts Bitcoin for annual plan payments, as one of many companies that allow their online products or services to be bought with Bitcoin.
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