Just supply & demand , There's no demand from trader to open new long position and they've learnt to take profit.
Nothing is impossible in cryptocurrency. Bitcoin to $60,000 ✔️ Ethereum to $2,000 ✔️ XRP to $10 🕑
“Be fearful when others are greedy and greedy when others are fearful.” Previous idea could be true if there is no interference by SEC, XRP is lucky to have Ripple to defense it through this lawsuit, Bitcoin and Ethereum will be the next SEC victim and unfortunately nobody can defense it. DYOR Trade at your own risk.
Waiting for Daily Candle to close above the Trendline. P.s : Big Buying Volume
Keep on buying at higher Low. Sell once Trendline is broken and Lower Low created on the chart, then wait for the best price to buy again at discount.
It could be the best price level to buy and to keep for a few years. The economy is not collapsing yet, just a little hiccup caused by a global pandemic But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
Resons : Technical: MACD is preparing to cross & no new high. Fundamental: Business still in bad shape, takes time to recover to gain sales revenue as before Continuation of this scenario
If price failed to break the upper trendline, thus this is the potential outcome for 2020. Most traders and investors are expecting discount to jump in the train to $30,000/BTC by 2023-2024
This is short term outlook only for trader, Investor who like to Hodl can refer this chart.
Reason: Increase in demand High volume at this level. Trade at your own risk
Don't chase the market, let the market come to your desired price. Buy Bitcoin in Q3-Q4 nearest to $5,400 is the best and as we know December is a Christmas for the Bitcoin market too. Market and it's price is not a straight line journey. Let me know in the comment section below if you have any questions or disagree with me, Any entry will be taken only if all...
Bearish market until 2024? the trader is having no trouble making money in the bearish market but an investor who aims for long term investment is having trouble with this. EPF, Tabung Haji and ASB earning will be lower each year in this coming few years. I wish I could be wrong about this as our Rakyat will suffer more than ever but they don't know...
Business is not going to recover in a few weeks, at least 6-12 months to get back on track. Lack of demand from consumer means less revenue, less revenue means less profit. In order to maintain the same profit margin, businesses need to produce low-quality products/ increase the product prices/hire less people. No matter what their choice, this short term...
Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Buy at your own risk.