Hello traders. Bitcoin like any other instruments are already controlled by the big players. Now the psychological game is played here and tricks how to stop hunts as well. It is hard to earn money because the un-experienced traders and investors are so called chasing markets. It means they entering the game only when they see its going up or they selling when its going down. Like I posted on this analysis and since than its dropping
But most likely they are late. You should be buying your BTC when it down around 3-4K. Not when everyone speaking about it and its as well in the CNBC etc.. When you will see in the Bloomberg, CNBC or any other news (owned by smart money) that BTC is going up and how to buy it. You can be sure that they want to sell it ( take profit)
Anyway we all know this but its really not easy to play this psychological game if it was everyone would be a millionaire.
Please look at my map of the potential scenario.
I still believe the level where we are now, will not be used by the institutions to start buying, here will retail buy, after they seeing break of downtrend, but they will be surprised and the price will be taken lower as described on the chart.
Comment
⋅
Please comment with your trading ideas and follow me for updates. Have a great trading day, month, years.. ;)
Thank you. Very nice analysis. The recent bull reminds me of this past April, which means the market is not pit of the weeds yet and it will take a while for the next ATH. What's your opinion on the halvening in May 2020? Logically it should lead to the next ATH, right?
Dave-FX-Hunter
⋅
@moreofdesame, Question is how the market will pricing in the halving. Lets see, I would like to see ATH of course too :D
moreofdesame
⋅
@DaweFXHunter, Historically (well, since 2012) the halving produced ATH after about 300 days after the first one (November 2012-ath December 2013) and about 500 days after the second one ( July 2016 -ath dec 2017). So maybe we will see the ATH in 2021. And I mean the ATH to 100-150k? Just an idea that could add a little power into the predictions. Thank you for your response.
SporadicPrice
⋅
Very nice analysis!
pegaz
⋅
Good work man.
Crude_Trader
⋅
Very Nice. Deep Analysis :) Check my Idea and Leave comment and follow tooo
Dave-FX-Hunter
⋅
@Crude_Trader, Sure, your analysis looks pretty accurate on Oil, Good work man.