Hi All,
Hope all your trades are going well.
Sorry havn't post as of late, been having problems with my Fiancé so I've not been focused.
The King BTC: It's all in the chart: Short Term, BTC making higher highs to 9400-9800.
Back to Retracing: I will be awaiting confirmation before entering.
1st Target: 7773 BTC
2nd Target: 7301 BTC
3rd Target: 6800 BTC
4th Target: 6000 BTC
5th Target: 5500-5300 BTC
Macro perspective: BTC is man made gold due to both Similarities and scarcity. People have attempted to recreate Gold for Hundreds of years however, they were unsuccessful. Here comes BTC Man Made Gold in a digital format. We the people gave value to both underline instrument. Both by all account should only be use as medium of exchange. However, instead of just using them for money, the wealthy individuals chose to instead hedge the worlds economy on to them due to rarity, Fungibility, devisible, store of value, medium of exchange and unit of account. Remember, chemist attempted to create XAUUSD and failed due to Gold chemicals. Now, The US Federal Reserve holds 6,200 of Gold.
I said all that to say, Only when Lightning network is fully implemented and utilize by the masses before BTC can go anywhere. What I mean is that only when people start using the underline instrument for payments, the introduction of ETF, custody solution by trusted names in the banking sector, and more adoption by the masses. then I can see a reversal. Due keep in mind I can not see the future if I could I would be a very wealthy man lol. I firmly believe BTC will make higher high on it's all time high in 2019-2020 with more to come in the later years.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
Gold
Hope all your trades are going well.
Sorry havn't post as of late, been having problems with my Fiancé so I've not been focused.
The King BTC: It's all in the chart: Short Term, BTC making higher highs to 9400-9800.
Back to Retracing: I will be awaiting confirmation before entering.
1st Target: 7773 BTC
2nd Target: 7301 BTC
3rd Target: 6800 BTC
4th Target: 6000 BTC
5th Target: 5500-5300 BTC
Macro perspective: BTC is man made gold due to both Similarities and scarcity. People have attempted to recreate Gold for Hundreds of years however, they were unsuccessful. Here comes BTC Man Made Gold in a digital format. We the people gave value to both underline instrument. Both by all account should only be use as medium of exchange. However, instead of just using them for money, the wealthy individuals chose to instead hedge the worlds economy on to them due to rarity, Fungibility, devisible, store of value, medium of exchange and unit of account. Remember, chemist attempted to create XAUUSD and failed due to Gold chemicals. Now, The US Federal Reserve holds 6,200 of Gold.
I said all that to say, Only when Lightning network is fully implemented and utilize by the masses before BTC can go anywhere. What I mean is that only when people start using the underline instrument for payments, the introduction of ETF, custody solution by trusted names in the banking sector, and more adoption by the masses. then I can see a reversal. Due keep in mind I can not see the future if I could I would be a very wealthy man lol. I firmly believe BTC will make higher high on it's all time high in 2019-2020 with more to come in the later years.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
BTC is FreeFalling
Next Target 4th: 6000 - 5700 BTC