BTC has been moving sideways for sometime.
Most of you have purchased at this level and are waiting for the next wave.
If you have positions at higher price points I hope you have bought them down!
BTC is having the same problem it has had for weeks "failure to launch".
We've been in a pattern where we build up to 6800 and test the resistance zone and then bounce down to 6400 - get rejected there and end up again at 6200.
It looks like we hit the bottom for the last time - BTC looks ready to break out on a double bottom reversal which should easily bring us back to 6800 after we first break through the 6200 mark.
The only play right now is to buy, hold and wait for 6800.
The future for BTC is bright despite what the "experts" say. I've been involved in BTC since around 2010 - I remember when coins were less than a dollar - and when I first "sold out" at $1000 before it dropped to $500. Trading crypto is just as much psychological as it is technical. I believe in the long term success of BTC - as younger people begin adding crypto as an asset class in their portfolios we will see an influx of cash - not to mention the institutions . Year over year growth has been high despite these lulls where everyone questions what they are doing. Below is a chart showing BTC returns. As a long term holder - where else can you find results like this?
This is my last BTC chart - there are a lot of people providing this information already. Happy Trading.
BTC RETURNS
Last 30 days -$402.67 -6.07%
Last 6 months -$7,953.71 -56.06%
Last 1 year +$4,002.42 +179.27%
Last 2 years +$5,575.44 +845.23%
Last 3 years +$5,951.25 +2,096.82%
Last 5 years +$6,141.93 +6,594.30%
Last 7 years +$6,221.35 +45,348.11%
Most of you have purchased at this level and are waiting for the next wave.
If you have positions at higher price points I hope you have bought them down!
BTC is having the same problem it has had for weeks "failure to launch".
We've been in a pattern where we build up to 6800 and test the resistance zone and then bounce down to 6400 - get rejected there and end up again at 6200.
It looks like we hit the bottom for the last time - BTC looks ready to break out on a double bottom reversal which should easily bring us back to 6800 after we first break through the 6200 mark.
The only play right now is to buy, hold and wait for 6800.
The future for BTC is bright despite what the "experts" say. I've been involved in BTC since around 2010 - I remember when coins were less than a dollar - and when I first "sold out" at $1000 before it dropped to $500. Trading crypto is just as much psychological as it is technical. I believe in the long term success of BTC - as younger people begin adding crypto as an asset class in their portfolios we will see an influx of cash - not to mention the institutions . Year over year growth has been high despite these lulls where everyone questions what they are doing. Below is a chart showing BTC returns. As a long term holder - where else can you find results like this?
This is my last BTC chart - there are a lot of people providing this information already. Happy Trading.
BTC RETURNS
Last 30 days -$402.67 -6.07%
Last 6 months -$7,953.71 -56.06%
Last 1 year +$4,002.42 +179.27%
Last 2 years +$5,575.44 +845.23%
Last 3 years +$5,951.25 +2,096.82%
Last 5 years +$6,141.93 +6,594.30%
Last 7 years +$6,221.35 +45,348.11%