For now its hard to clarify the next move of BTC. But the fact that we have had a bull run, that´s on it's way to break the ATH of 2017 is just fascinating, fantastic, scary and all of a mixed bag.
Having new companies like Square buying up BTC and Paypal providing a buying service on BTC is hot news on top of all the Defi stuff. Things like this is factors that propelled a new craze and the speculation of BTC becoming
more widely adopted on a mainstream level.
The infrastructure is being build, but it´s still only speculation. The crypto market cannot and will not be ignored anymore, thats also why old mogules from the traditional finance are shilling it, having finally bought some crypto.
Most of them start to FOMO cos a new ATH is forming.
There is no truth to how to trade BTC. If are trying to trade it, you are likely to loose at any point. BTC might have a hugh dip some time. But as it overtime matures and new solutions are found, we might have something
that can deliver something we never thought possible. It´s a waiting game.
It´s all a stretch. But eventually crypto will find it´s place somewhere in traditional finance to disrupt old systems and catch more ground.
My analysis of BTC is build up over the years on the same chart. Adding new analysis over the old one. It has served me well. May it serve u as well..
In my opinion a HODL strategy will outperform any trading strategy. The moments I trade is very slim. Nearly only doing so when my my chart is outlining anomalies.
I'm not sure this time around, cos everything is very hyped and euphoria is here once again. But in my opinion we won't break the all time high as of now.
We will pull back maybe to around 16k - 14k area. For BTC to break the all time high it needs to break the overall trendline that it has been under for a long time and I don´t think it will happen
in a swift. In my opinion it will retrace and have a more organic smooth flow, by dropping and building it's way up so that it follows the trendline more smoothly. I think we will have to look
into 2021 to see 20k broken.
Thats my too cents.
Trade and invest safely.
Regards..
Having new companies like Square buying up BTC and Paypal providing a buying service on BTC is hot news on top of all the Defi stuff. Things like this is factors that propelled a new craze and the speculation of BTC becoming
more widely adopted on a mainstream level.
The infrastructure is being build, but it´s still only speculation. The crypto market cannot and will not be ignored anymore, thats also why old mogules from the traditional finance are shilling it, having finally bought some crypto.
Most of them start to FOMO cos a new ATH is forming.
There is no truth to how to trade BTC. If are trying to trade it, you are likely to loose at any point. BTC might have a hugh dip some time. But as it overtime matures and new solutions are found, we might have something
that can deliver something we never thought possible. It´s a waiting game.
It´s all a stretch. But eventually crypto will find it´s place somewhere in traditional finance to disrupt old systems and catch more ground.
My analysis of BTC is build up over the years on the same chart. Adding new analysis over the old one. It has served me well. May it serve u as well..
In my opinion a HODL strategy will outperform any trading strategy. The moments I trade is very slim. Nearly only doing so when my my chart is outlining anomalies.
I'm not sure this time around, cos everything is very hyped and euphoria is here once again. But in my opinion we won't break the all time high as of now.
We will pull back maybe to around 16k - 14k area. For BTC to break the all time high it needs to break the overall trendline that it has been under for a long time and I don´t think it will happen
in a swift. In my opinion it will retrace and have a more organic smooth flow, by dropping and building it's way up so that it follows the trendline more smoothly. I think we will have to look
into 2021 to see 20k broken.
Thats my too cents.
Trade and invest safely.
Regards..