jojofang0901

BITCOIN Dont jump in the buy yet..

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Hi everyone.

BTC broke 20,000 today. Many people will likely looking into the buys.

While certainly BTC will rise in time, the question is it it now or later ?

First we understand the nature of the market, and we see BTC broke the previous all time top, and the "20,000" price for the first time.
This usually will create certain volatility as people around the world would likely to hear from this, and potentially jumping in and looking to invest.
All these will no doubt create liquate and momentum for any market.

Second, looking at it strictly price action point of view. when we see a strong impulsive phrase in the market, we want to wait for the continuation structure/correction to form to confirm the further move.
In this case, a bullish continuation correction/structure would be ideal.

Lets see how the market develops in the up coming days/week.

Thank you

Comment:
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Comments

puff! go rang
+2 Reply
jojofang0901 Yuriy_Bishko
Reply
I totally agree with your analysis. Thanks for sharing!
+1 Reply
@jojofang0901 Is right. Don't buy YET

+1 Reply
jojofang0901 JR-Trade-B
@JR-Trade-B, possible :) correction is what I am waiting for
+1 Reply
JR-Trade-B jojofang0901
@jojofang0901, It's totally possible my friend. Let's stay patient.
Reply
Clear chart and detailed explanation.
+1 Reply
jojofang0901 tasnuvahamida
@tasnuvahamida, thank you
Reply
nice chart! thanks my friend! 🦐🎅🏻
+1 Reply
jojofang0901 plancton0618
@plancton0618, your welcome. :)
Reply
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