BTCUSD started dropping yesterday. Using Elliot Wave + Channel, the price target is $3010.
I am bullish on BTCUSD long term. This drop could be a great opportunity to get onboard crypto, if you are not in already.
HAPPY TRADING !!!
I am bullish on BTCUSD long term. This drop could be a great opportunity to get onboard crypto, if you are not in already.
HAPPY TRADING !!!
Komentarz:
Latest news just came out from China that they are BANNING ALL Crypto/CNY exchanges.
Meaning there won't be any easy way for Chinese to convert RMB into BTC/ETH. They have to rely on OTC / off-exchange methods, which is prohibitively risky (imagine you have to trust strangers to exchange big sum of money).
This is not some short-time move. The impact is long-term. I am still looking at a $3000 target for BTC.
Meaning there won't be any easy way for Chinese to convert RMB into BTC/ETH. They have to rely on OTC / off-exchange methods, which is prohibitively risky (imagine you have to trust strangers to exchange big sum of money).
This is not some short-time move. The impact is long-term. I am still looking at a $3000 target for BTC.
Komentarz:
After the initial plunge and pullback last week, now BTC finally drops below $4000.
Do not attempt to "buy the bottom". It's gonna get more bearish.
Do not attempt to "buy the bottom". It's gonna get more bearish.
Komentarz:
$3000 was reached. What a week !
Komentarz:
Although $3000 was reached in the past a few days, I don't think we are in a new bull market just right now. The rebound 3000~3700 was too sharp too soon.
I find 45 min to be the best horizon to look at BTCUSD. Now we are below it, so bears still take control.
I find 45 min to be the best horizon to look at BTCUSD. Now we are below it, so bears still take control.
However, I do know that some big players in China are anxiously probing information from government insiders.
news.8btc.com/caixin...-ico-tokens-services
Try to get a Chinese news source in events like this