How BITCOIN (BTCUSD) Could Possibly Reach $31000!
Updated
Always Be prepared.
I will be keeping this one every simple.
Global interest for Bitcoin, Cryptocurrencies and Blockchain technology is nearing all time highs.
Price can do 1 of 3 things right now and you could also do the same!
Price
1. Reject previous highs and sell off into 15K
2. Break Previous highs and create a new high possibly between 24-25K then pullback.
3. Break the highs form support and continue upwards of 30K
You
1. Wait until a support is formed above the high to buy anticipating price to keep going up above 20K
2. Wait for a pullback to around 15K or possibly 12K before entering buys. (For long term investors you can average in)
3. Wait for rejection of the highs to sell into the recent support areas (I am an advocate for Bitcoin reaching 50k or more so I rarely will try to sell)
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market but please do your own due diligence and trade with proper risk management. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Trading is risky, and it is not suitable for everyone. You are the only one held accountable for your trading decisions. Past performance is not necessarily indicative of future results, trade safely.
I will be keeping this one every simple.
Global interest for Bitcoin, Cryptocurrencies and Blockchain technology is nearing all time highs.
Price can do 1 of 3 things right now and you could also do the same!
Price
1. Reject previous highs and sell off into 15K
2. Break Previous highs and create a new high possibly between 24-25K then pullback.
3. Break the highs form support and continue upwards of 30K
You
1. Wait until a support is formed above the high to buy anticipating price to keep going up above 20K
2. Wait for a pullback to around 15K or possibly 12K before entering buys. (For long term investors you can average in)
3. Wait for rejection of the highs to sell into the recent support areas (I am an advocate for Bitcoin reaching 50k or more so I rarely will try to sell)
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market but please do your own due diligence and trade with proper risk management. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Trading is risky, and it is not suitable for everyone. You are the only one held accountable for your trading decisions. Past performance is not necessarily indicative of future results, trade safely.
Trade active
Price surpassed my initial target of 30K and today closed above my 50K for the very first time. Based on recent price action my short term target have been updated to 55K based on a fib extension (would have to discuss that to none trading peeps at another time). My long term target however is now at 75,000, I will take some profit here at 52K and then again at 55K and leave my final position to run for as high as it can go which may be as high as 100K with ferocious momentum.
This is officially my greatest ever investment to date. Congrats to anyone that might have taken this trade or investment based on my analysis.
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