Why i called this area on my Sep 13th chart..
Following up with my previous analysis in (September) where I called the current price range, marked in purple.
This post will go into a bit of what I was feeling, at that time, from the charts. As analysis made is inspired by a culmination of long-term views and practical predictions, applied over time, to the XBT/$ market.
As we can see above I was indicating that the price could trend back down to the 7k range. Which it has. So to be brief I think its obvious that my approach for this particular chart was very basic. As an amateur my goal was to make a chart that I was 100% comfortable making while letting the data itself tell the story.
My gut instinct was to assume the market was healthy, natural and only manipulated to a degree that is expected. I was centered on the "rope" of what bitcoin was and still am. XBT is and I believe will continue to be for a long time.. a revolution. Bitcoin is without a doubt at the core of a global shift into the digital age.
We are coming into the 20's kid. Dont be fooled by all this fancy stuff. Bitcoin doesnt need to give up security to become a dev capable technology. Bitcoin doesn't need to be money or gold. Despite the fact that it can replace traditional forms of exchange Bitcoin doesnt need to. BTC is the longest, most secure chain and it doesnt need to be anything other than Bitcoin.
There is nothing else like it. It is a raw, pure and digital. You cant even own the value of a bank note. But when you hold your private keys you own your money. Its digital gold.
I think from here we will find a solid bottom. Maybe dipping down to the 5k range. Either way I am long from here and am expecting the next bull run to bring up up to 28k and a future bottom after that ATH around 13 - 17k ./
XBT/CAD has stronger indicative patterns imo. Its great to analyze other currency pairs while you can gain new perspectives.
This is not trading advice.
Growing up Ive always wondered about stalk markets and trading.
I have a fascination with Cryptocurrency and have been in BTC since 2012.
And for those reason here I am.
Hope this is at least interesting.
Good luck
- A
This post will go into a bit of what I was feeling, at that time, from the charts. As analysis made is inspired by a culmination of long-term views and practical predictions, applied over time, to the XBT/$ market.
As we can see above I was indicating that the price could trend back down to the 7k range. Which it has. So to be brief I think its obvious that my approach for this particular chart was very basic. As an amateur my goal was to make a chart that I was 100% comfortable making while letting the data itself tell the story.
My gut instinct was to assume the market was healthy, natural and only manipulated to a degree that is expected. I was centered on the "rope" of what bitcoin was and still am. XBT is and I believe will continue to be for a long time.. a revolution. Bitcoin is without a doubt at the core of a global shift into the digital age.
We are coming into the 20's kid. Dont be fooled by all this fancy stuff. Bitcoin doesnt need to give up security to become a dev capable technology. Bitcoin doesn't need to be money or gold. Despite the fact that it can replace traditional forms of exchange Bitcoin doesnt need to. BTC is the longest, most secure chain and it doesnt need to be anything other than Bitcoin.
There is nothing else like it. It is a raw, pure and digital. You cant even own the value of a bank note. But when you hold your private keys you own your money. Its digital gold.
I think from here we will find a solid bottom. Maybe dipping down to the 5k range. Either way I am long from here and am expecting the next bull run to bring up up to 28k and a future bottom after that ATH around 13 - 17k ./
XBT/CAD has stronger indicative patterns imo. Its great to analyze other currency pairs while you can gain new perspectives.
This is not trading advice.
Growing up Ive always wondered about stalk markets and trading.
I have a fascination with Cryptocurrency and have been in BTC since 2012.
And for those reason here I am.
Hope this is at least interesting.
Good luck
- A
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