BVOL24H trade ideas
btcusdtUpdate .This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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btc Bullish Trend is not overWe expect a 5-wave, of course, after the end of the correction.
The main question is, is the correction in a zigzag pattern finished at point C or will we have a correction in a triangle?
What is clear is that Bitcoin will move towards targets above 70,000 by breaking the 49,000-50,000 area and its downtrend line.
Next 2 wksThis is the most probable scenario for Bitcoin!
Buy position is not recommended, bitcoin could experience another crash at any minute!
Assume there will be no bullish run and 64862.90 is all time high!
I think it will remain intact in the history books, at least at this point I believe so!
Game Over...First of all, I want you to think about these sentences:
A: Anything can happen in the market at any time.
B: If something happened once, it is more probable to happen in the future..!
If you think the above sentences are wrong don't bother yourself to read the next paragraphs.
What Is a Bubble?
Bubbles are the suspension of disbelief by most participants when the speculative price surge is occurring!
In the case of Bitcoin, it is a 3 million percent (3,000,000 %) gain matured in the last 11 years..!
5 Stages of A Bubble
1. Displacement:
A displacement occurs when investors get enamored by a new paradigm, such as an innovative new technology!
The cryptocurrency, Bitcoin was born 21st May 2011: When a risk-taker accepted to give 2 pizzas (something with intrinsic value) to someone and received a token (10000 Bitcoin with 0 intrinsic value) that had no idea about it.
All the Currencies from the beginning of history were born whenever two parties accept using them to finalize a transaction.
2. Boom
Prices rise slowly at first, following a displacement, but then gain momentum as more and more participants enter the market, setting the stage for the boom phase.
During this phase, the asset in question attracts widespread media coverage. Fear of missing out on what could be a once-in-a-lifetime opportunity spurs more speculation, drawing an increasing number of investors and traders into the fold.
3. Euphoria
During this phase, caution is thrown to the wind, as asset prices skyrocket. Valuations reach extreme levels during this phase as new valuation measures and metrics are touted to justify the relentless rise, and the "greater fool" theory—the idea that no matter how prices go, there will always be a market of buyers willing to pay more—plays out everywhere.
4. Profit-Taking
In this phase, the smart money—heeding the warning signs that the bubble is about at its bursting point—starts selling positions and taking profits.
5. Panic
It only takes a relatively minor event to prick a bubble, but once it is pricked, the bubble cannot inflate again. In the panic stage, asset prices reverse course and descend as rapidly as they had ascended. Investors and speculators, faced with margin calls and plunging values of their holdings, now want to liquidate at any price. As supply overwhelms demand, asset prices slide sharply.
I believe in the next 10-11 years it would be hard to find another risk-taker who is willing to give you 2 pizzas for 10000 Bitcoin.
Don't Forget I did the hardest Job and find the exact day..!
Moshkelgosha
Educational Article:
www.investopedia.com
