DaweFXHunter

Bitcoin is in the discount price again

Long
GEMINI:BTCUSD   Bitcoin / U.S. Dollar
1658 views
80
I personaly dont trade BTC for the profit but in the two years I have accumulated 1.5 BTC with average entry price 6300. Around the 4K i s huge amount of accumulated bitcoins as you cann see in top 1OO richest BTC wallets I believe it will hold price up. So now is good opportunity to invest in BTC for buy and hold for years. Next year halving could possibly take it up. Invest only money you can afford to lose and this is not trading advice.
Comment: Seems like the channel wants to hold for now
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Comments

Nice chart, yes, it should start rising now.

It's either prom or hospital.
+1 Reply
You dont know whats coming. We saw similar things in Gold.. The only good thing in this is looking 5-10 years in the future because in those years this can go much lower.. BTC cant fly with the S&P crashing. What happens if BTC cant get above like $7000? Thats the cost to produce it.. But Gold/Silver itself traded for half their price of production for years and decades. Charts dont matter in markets like this because the people dumping are not looking at the charts. I am wondering if this can go to 1-2K range because it looks like long term holders buy in the 3K range.. But that buy is if they see it there they put in an order.. But you can trade it for a quick 10-20%.. Take a look at Silver charts.. it hit $50 and now years later still under $20.. And thats something people everywhere uses.

The US markets are 300% over valued even at their best. Means it can go to 25% of its highs and still be over valued. So this markets have a lot to fall.. And its going to be bad news for years to come.
+1 Reply
DaweFXHunter alienteck
@alienteck, Very good points
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Agree with this idea 4000-4200 !!! Very good
+1 Reply
@Primo21, thanks
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There’s high probability this could happen! Thanks for sharing, sir.
Reply
@RSibayan, Thank you lets see
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Thank you! Agree!
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@Magic_xD, Hopefully
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My analysis:
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