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Btcusdidea

Bitcoin Panic is in the Air...The Mayer Multiple has helped to mark points of extreme panic in the Bitcoin market for quite sometime now. Whenever it has gotten into a range of 0.50 to 0.60, it has proven to be a good time to establish long term positions. If someone has been waiting patiently to enter or add to their Bitcoin position, right around this zone could be a good entry level. Now, one thing to point out is that Bitcoin has never seen a major dislocating event in the markets vis a' vis a 2008 style collapse in asset values. So it is conceivable that prices could certainly go much lower then anyone has ever dreamed. With that being said, again sitting in cash long term may prove to be folly so if even a small portion is deployed into Bitcoin during periods of extreme panic and bearish despair as we are see today, it could prove to be a worthwhile investment longer term.
BITSTAMP:BTCUSDLong
by kaotic363
1
#BTC Current Update! Must Read if you are in LOSS!!BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls. Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag. However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls. So is it bearish now? Of course, if you see the ltf charts, it's damn bearish. If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle. Our job is to wait for the confirmation and take trade decisions accordingly. MY PLAN:- Wait for the weekly close to take any trade decisions. I am not taking any trades in the last 3 months—a few scalps when I see the opportunity. Mostly hit SL. Sign of a bad market! Unless BTC makes a move, it's a wait-and-watch game. BTC has been printing red weekly candles for the past MY MESSAGE TO YOU ALL:- BTC has been trading within this range for the last few months. If you are still hanging there with all the pain you had in the last 6 months, I believe you can make it to the next rally too! So stay strong, and avoid leverage/ futures trades when the market is uncertain. Try to take a break from the screen and spend some time with your family and friends. Your mental health is really very important to have a sustainable career in trading. Focus on your own well-being and start learning new things like TA, FA on-chain, and anything you like, and the money will follow. Making profits is our secondary goal, preserving funds is the priority here. Let me know your thoughts in the comments section. HIt a like if you find this chart idea helpful. This idea is just my view and not financial advice. Thanks for reading. Stay strong #PEACE
COINBASE:BTCUSD
by Cryptorphic
38
Pay Close Attention - Trend Likely to ShiftTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
BITSTAMP:BTCUSDLong
by Michael_Harding
3
My Btc Strategy / BtcUsdt AnalysisThe graphic is clear , you just have to see it . I do not give investment advice to anyone. This is my strategy. . . . . . Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. . . . You can support me by liking the analysis.
by stephbertalse
4