Hey guys...
As well oil I also analyse crypto for long term holdings (not trading). All crypto content will be published free...I love and hate bitcoin but no one can deny the technicals so lets cover the facts before I break down this simple chart.
FACTS:
BTC IS OWNED BY SOME OF THE BIIGEST COMPANIES AROUND TO DATE
THERE IS LIMITED SUPPLY
NOT IMPACTED BY BANKS OR INFLATION
REALISTICLY BTC IS ONLY GOING TO GO UP (50-80% CORRECTION BEFORE 100K).
Now the bad points (main ones)...some countries that tried adopting bitcoin are now leaving it behind due to the transaction time, cost and lack of utility. There are a few other cryptos which in all honesty are better than bitcoin but are not reflecting the same price (all to do with circulation). We are in the stage of a massive bubble but it's providing great coverage for the crypto space as blockchain is the future. If you hold crypto now you are an early adopter! What is concerning now is that everyone is now trying to jump on the bubble which is only going to end this thing in disaster...don't shoot the messenger this isn't a bad things because you can scale profits out and buy the dips (20-11k will be met again). Investors will look to invest back into bitcoin because the institutions who are buying and pumping to ATH are the same people who will crash it. Please moon boys don't cry this is what is called a market cycle and it's heathy as it will allow bitcoin to surpass 100k one day. I predict that the cryptos to fly with BTC in the future will be ETH, LINK, ADA and XRP DYOR!
Now look at the charts BTC is still in a bull cycle and is just retesting broken trends which is providing support! Dips are welcome as long as the support trendlines and channels stay intact! new ATH to come. I suspect a crash from the 75-82k down to around 20k with the possible dip of 11k. Take it or leave it.
As well oil I also analyse crypto for long term holdings (not trading). All crypto content will be published free...I love and hate bitcoin but no one can deny the technicals so lets cover the facts before I break down this simple chart.
FACTS:
BTC IS OWNED BY SOME OF THE BIIGEST COMPANIES AROUND TO DATE
THERE IS LIMITED SUPPLY
NOT IMPACTED BY BANKS OR INFLATION
REALISTICLY BTC IS ONLY GOING TO GO UP (50-80% CORRECTION BEFORE 100K).
Now the bad points (main ones)...some countries that tried adopting bitcoin are now leaving it behind due to the transaction time, cost and lack of utility. There are a few other cryptos which in all honesty are better than bitcoin but are not reflecting the same price (all to do with circulation). We are in the stage of a massive bubble but it's providing great coverage for the crypto space as blockchain is the future. If you hold crypto now you are an early adopter! What is concerning now is that everyone is now trying to jump on the bubble which is only going to end this thing in disaster...don't shoot the messenger this isn't a bad things because you can scale profits out and buy the dips (20-11k will be met again). Investors will look to invest back into bitcoin because the institutions who are buying and pumping to ATH are the same people who will crash it. Please moon boys don't cry this is what is called a market cycle and it's heathy as it will allow bitcoin to surpass 100k one day. I predict that the cryptos to fly with BTC in the future will be ETH, LINK, ADA and XRP DYOR!
Now look at the charts BTC is still in a bull cycle and is just retesting broken trends which is providing support! Dips are welcome as long as the support trendlines and channels stay intact! new ATH to come. I suspect a crash from the 75-82k down to around 20k with the possible dip of 11k. Take it or leave it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.