Bitcoin Or Not Bitcoin That Is The Question - BTCUSD
Hi guys! I was trying to analyze BTCUSD on a long term prospective and I got that kind of chart vision to illustrate my thinking.
My feeling is that a bullish major movement is about to happen on BTCUSD. Why?
Analyzing the chart I noticed that BTCUSD is in a kind of horinzontal consolidation between 7500 and 10000 since the craziness of the end of 2017.
There is not that much volatility anymore and I can say that the pair is becoming safer in a investor point of view. Many major investor like Soros and the Rockefeller are investif in cryptocurrencies and financial institutions are preparing themselves to invest massively in those assets.
I think that the volatility will come back in the next few weeks. The highs and lows of the pair are showing a beautiful curve or banana or smile ? whatever you want lol and it could be a prerequisite to a major rebound.
I am pretty confident in a major bullish bounce on Bitcoin in the next few weeks.
For long term investor, a long on these levels might be interesting with a stop loss below 6000. It is hard to know the potential of Bitcoin in term of value in USD but the world is changing and the probability of a come back of a bullish trend is pretty high in my opinion.
My feeling is that a bullish major movement is about to happen on BTCUSD. Why?
Analyzing the chart I noticed that BTCUSD is in a kind of horinzontal consolidation between 7500 and 10000 since the craziness of the end of 2017.
There is not that much volatility anymore and I can say that the pair is becoming safer in a investor point of view. Many major investor like Soros and the Rockefeller are investif in cryptocurrencies and financial institutions are preparing themselves to invest massively in those assets.
I think that the volatility will come back in the next few weeks. The highs and lows of the pair are showing a beautiful curve or banana or smile ? whatever you want lol and it could be a prerequisite to a major rebound.
I am pretty confident in a major bullish bounce on Bitcoin in the next few weeks.
For long term investor, a long on these levels might be interesting with a stop loss below 6000. It is hard to know the potential of Bitcoin in term of value in USD but the world is changing and the probability of a come back of a bullish trend is pretty high in my opinion.
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