Bitcoin has so far failed to break out of this so called "falling wedge" that everyone keeps talking about. Within 2 weeks, I am predicting the price will come down to $5,000. Heres how to trade this to make profit.
Set your buy orders around $5,000. It would be best to cost average them in in that region. Next, set your sell order to the bottom of the previous support, which is around $62xx for a quick 25% profit. It will likely not form a symmetrical triangle like in December 2018 for the simple reason that everyone would be expecting that.
Next, wait for the price to come back to the 200 week average and wait for it to close a candle ABOVE it. If it doesn't hold a weekly candle, don't buy it. If it does, it will likely rally up to the 20 week (yellow) moving average around halving. The insiders will dump on the noobs a third time and sending the miners and the rest of the brainlet bulls down with it. My final target is $1500 by 2020/2021.
Don't trade based on what you want to happen, base your trades on what you see in front of you.
Set your buy orders around $5,000. It would be best to cost average them in in that region. Next, set your sell order to the bottom of the previous support, which is around $62xx for a quick 25% profit. It will likely not form a symmetrical triangle like in December 2018 for the simple reason that everyone would be expecting that.
Next, wait for the price to come back to the 200 week average and wait for it to close a candle ABOVE it. If it doesn't hold a weekly candle, don't buy it. If it does, it will likely rally up to the 20 week (yellow) moving average around halving. The insiders will dump on the noobs a third time and sending the miners and the rest of the brainlet bulls down with it. My final target is $1500 by 2020/2021.
Don't trade based on what you want to happen, base your trades on what you see in front of you.