meteortrader

the reason for my point of view to goes lower a bit

Short
BINANCE:BTCUSD   Bitcoin
There are lots of disappointment in these condition of market, they think it over and BTC price will meet zero. there are lots of pessimist person in crypto market up until 2 or 3 years ago, I start work in these market. you can see in coming this person form 2 or 3 week after this post. there also are lots of person said that we are in bear cycle right now. As matter of fact after a year of price went up, it is time to rest and correct for a while.

I try to copy the same manner of BTC in 2013 bull run market. it stopped its uptrend movement and goes for some correction as we can see right now.

it need to consider, the dangerous place for entry will happen in the next cycle and after that(if the 5th wave of BTC and request and demand in BTC market cause not to see 5th wave be extended for another 3 cycles) the bear market will start.

it needs to mention that, i try to do these analysis according to the behavior of BTC in same position in the market, maybe it behave totally differently in coming week and month and year.

plz do your own research, it is just my point of view not trading point and advice. Try to trade on your own risk.

have good time and trade

Arham

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