While still highly volatile and very much unpredictably carried by OTC trading and other factors that can not be determined due to unforeseen market consequences or variables we cannot access I. E. Coronavirus — instead using strictly fundamentals in this deduction...
BUT For the first time since it’s inception we are starting to see some Healthy price action based on fundamentals and nothing too unpredictable with recent pullback to lower low, provides some perspective that for once BTC is not over or under valued & so those shorters wasted no time to wait is impatient shooters immediately made their entries
Assuming nothing else in terms of an anomaly/unpredictable variable comes in to play we should see 9800 support and stop loss is set at the red horizontal which is always the limit you should be setting as.
If you haven’t made your entry by now , I honestly recommend waiting/sitting this run out or risk #FOMO,
Make sure to do your taxes— Uncle Sam will play nice or play hide and seek and risk ramifications as opposed to coming forward and you’ll get clemency.
TGIF everyone peace and love and stay safe/sanitary!!
Please do check out my LinkedIn for some recent article :
Right now I’ve got my eyes on gold silver and bitcoin as they are outpacing equity markets by a long shot and I have taken long positions on pretty much both tangible and intangible precious metals/commodities and I’m now a HODLer (Something I’m looking to change as I miss forex trading ;( but I’ll still keep a weekly publication for you guys as I know there are hands are full of you that enjoy my little tangents. :’)
Next major resistance at 9800 but remember to reiterate stop losses— ALWAYS!
*Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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