I feel there is something more behind bitcoin that we do not consider, everything is decentralized, everything is based solely on the emotion of the people, be it a chef or an investor. In recent months I have realized that being a new decentralized financial instrument is very little that we can predict, we must also take into account that it is something new and we do not have enough history to make any prediction, I think that what better we can do in these cases is to expect a regresión and continue with the trend, we must think of an abysmal fall the day the media begin to talk about the death of bitcoin. Now we only see regresión and continue.
Remember bittcoin not regularized, everyone can put money there without questions. This means that many bad guys can hide their money ( millions and millions of dollars) there, with this explanation that the bitcoin price will not fall more than normal.
U could go long today , In December you will have won many pips :)
TP1 : 7000
TP2: 7200
Stop Lose : 6200
**Its only an idea **
Remember bittcoin not regularized, everyone can put money there without questions. This means that many bad guys can hide their money ( millions and millions of dollars) there, with this explanation that the bitcoin price will not fall more than normal.
U could go long today , In December you will have won many pips :)
TP1 : 7000
TP2: 7200
Stop Lose : 6200
**Its only an idea **
Note
The bitcoin, is showing us a change of economic paradigm? Does everything that goes up fast fall faster? Maybe it's the signal that the world does not work that way anymore, Bitcoin is within reach of the masses and it's not like other financial instruments ...The economic theory tells us that everything that goes up quickly falls fast ... But what happens if now it is not that way? Are we entering a new era?
Why can it go down? After the news of "Bitcoin Futures" approved the speculators of large size (big fish) enter the game, officiously. Since now they feel protected by the law, what we can expect is that when the big fish enter they are speculating with the price to be able to enter in better positions (a great correction)
Why can not he fall too much? ; the trade that takes place with this currency worldwide is incredible; from small things, to weapons. Money laundering is much simpler and daily money is injected in giant quantities.
Now imagine at this moment they are facing, speculators that want to enter but at lower levels with the big and new fish that are injecting money without control every hour.
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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.