The most know that we expecting a Market recocvery into BTC. and the most would say but, Why we dont see that breakdown trend, There are some trends working now on psychology by manny users that they want a breakout on the all time high. And the most RISK trend are now if we dont hit the all time high, there will be a faster recovery , We believe all 2 options also if we breakout the all time high there is still expecting for market recovery. You personally are free to hold BTC for long term. its your choice with that. but we expecting depending on trends, and we did add before more reasons why we expecting bitcoin should get a huge recovery.
# Nobody know the future, we also dont know what will happend exactly, but we follow since long time our trends, and most time we are on right side also with altcoins study. The trend shows us a very high risk to buy now bitcoin.
# know that bitcoin go into lines - If there is now not down trend, means noting about the coming time, we check the main trend.
Can bitcoin breakout more. All is possible, but depending on trend, we will see into short term a dump btc price.
What are Watchtrend expecting depending on bitcoin We expect that we will retun soon to 50-52K with long term crash trend to 44K or below.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
no bear market yet, not a dump yet, but it will come... bull market is very on for at least a few more months but the bulls will not have an easy time... ;)
crhoads
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Id like to just say thank you for your honesty in your analysis. The simple fact that you state what you 'expect' vs what 'will happen' is refreshing. No one can see the future. I cant either, and I look at what is probable based on what has been happening on the trend lines. I just got stopped out at 57,620. I hope your expectations of a leg lower happens before it hits 65....I'd love a lower entry point!