Hello traders, i'm here to give my insight into how this market looks to be playing out and what i expect moving forward in the future for this market. No i am not a bear, but i won't ignore information the charts give to me. If you look left on the chart and you zoom out, you can see that in 2013 when we had our new All Time High from $200 level to ~$1200 you can see we came all the way back down to previous ATH which occured 8 months earlier and even broke below and remained below it for some time before bottoming. I've marked 4 levels on the chart, which indicate our new ATH at $20k, our previous ATH at $1200, support below $1200 around $900, and the previous ATH at $240. These levels i'm going to being playing close attention to for the next 6-12 months. Short term alts have been doing well as usual as every year, so id expect Bitcoin is on its way up as well in the short-mid term. I won't be wound up in bullish fervor until $12k is reached. I will be dollar cost averaging in the meantime loading up on satoshis anticipating the bullmarket until then, which i don't expect until q3 2020.
As always, this is not financial advice, this is to be used purely for educational purposes and speculation, these thoughts are those of mine and of others. Namaste.
As always, this is not financial advice, this is to be used purely for educational purposes and speculation, these thoughts are those of mine and of others. Namaste.