New Weekly Candle Indicates Bottom is Likely IN.
If you have not begun to accumulate Bitcoin yet, NOW is the time to begin accumulating with Dollar Cost Averaging Technique. I'm expecting us to leg up to a higher trading range between $8,900 and $9,700 fairly soon. I'm also expecting us to remain within that trading range for a while before legging up again to a higher trading range between $9,700 and $10,700 during the month of December, 2019. We may experience a fairly deep shakeout down to approximately $8,500 the last week of December or first week of January before finally heading up to our new price range target on or around the bitcoin block halving in May, 2020.
Please consider accumulating with Dollar Cost Averaging Technique NOW. Don't forget to take ALL of your coins OFF EXCHANGE AS YOU ACCUMULATE. I explain WHY in comments section of a previous chart publication. Once you have created a cushion by accumulating NOW and the price action heads up to my target in May, 2020 then consolidates into a HIGHER trading range, you can consider day trading with SOME of the coins you have accumulated. Meaning, you can bring SOME of those coins you have accumulated back to the exchange for the purpose of day trading or short term trend trading. I would not consider bring most of your coins to an exchange until we are nearing a buying climax similar to December 2017.
Thanks for your time watching and your support!
Stay Awesome!
David
Please consider accumulating with Dollar Cost Averaging Technique NOW. Don't forget to take ALL of your coins OFF EXCHANGE AS YOU ACCUMULATE. I explain WHY in comments section of a previous chart publication. Once you have created a cushion by accumulating NOW and the price action heads up to my target in May, 2020 then consolidates into a HIGHER trading range, you can consider day trading with SOME of the coins you have accumulated. Meaning, you can bring SOME of those coins you have accumulated back to the exchange for the purpose of day trading or short term trend trading. I would not consider bring most of your coins to an exchange until we are nearing a buying climax similar to December 2017.
Thanks for your time watching and your support!
Stay Awesome!
David
Comment:
It's perfectly fine to keep SOME of your coins on exchange for day trading. However, PLEASE do not keep ALL your coins on the exchange. PLEASE take most of them off exchange and put in a paper or hardware wallet.
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