jherryPowell

Bitcoin is bullish and does not chase up

Long
jherryPowell Updated   
BITSTAMP:BTCUSD   Bitcoin
What I told you yesterday is that Bitcoin is in a state of profit, and there has been a certain decline. The range is not very large, but there are profits.

Bitcoin approached the 30,000 mark again last night, and then fell slightly. At present, the range fluctuation is not over, so today it is still a short-term downward adjustment.

But I believe everyone knows one thing, that is, the number of bitcoins has been halved.

So how does the halving of Bitcoin affect the price of the currency?

From a fundamental point of view, the halving of Bitcoin means that the number of bitcoins that can be mined in the future is getting smaller and smaller, and the total amount of bitcoins will eventually reach 21 million.This characteristic makes Bitcoin relatively scarce compared to fiat currencies.
Judging from the historical trend, every time Bitcoin halved in a few months to a year, Bitcoin ushered in an unprecedented prosperous bull market.
It is worth being vigilant that each round of bull market is also accompanied by a retracement of more than 50% of the currency price.
The trend of Bitcoin is extremely susceptible to emotions, and investors should properly manage the risks they face.

Trading strategy:
Currently in the sensitive shock stage, I am thinking of participating. I can go long in the short term, but pay attention to the position.The specific location depends on your own situation.

Of course, if you are a novice and can't figure it out, you can find me directly below and I will help you.
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Rising, the trend is as expected
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Multiple orders are making a profit, I don't know if you have kept up
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