Bitcoin:
BTCUSD has being crushing predictions and blowing up, literally. Where are we going? I'll take a look at my crystal ball. Obviously, no one really knows, now more than ever, which will bring up to volatility even more. Keep that in mind when placing stop losses. Bitcoin won't reach the 2020 prediction in a home run. The way it's growing right now is unsustainable. That's why I'm not taking the risk right now and invest in alt coins like 
ETHUSD,
LTCUSD and Request Network. I'm not saying it's a bad investment, I'm just not taking that risk while there are coins with a bigger risk/reward.
Things that influenced the price according to me:
How to trade?
Situation 1:
Situation 2:
Setup:
#ThisIsNotFinancialAdvice.
BTCUSD has being crushing predictions and blowing up, literally. Where are we going? I'll take a look at my crystal ball. Obviously, no one really knows, now more than ever, which will bring up to volatility even more. Keep that in mind when placing stop losses. Bitcoin won't reach the 2020 prediction in a home run. The way it's growing right now is unsustainable. That's why I'm not taking the risk right now and invest in alt coins like ETHUSD,LTCUSD and Request Network. I'm not saying it's a bad investment, I'm just not taking that risk while there are coins with a bigger risk/reward. Things that influenced the price according to me:
- CME futures announcement
- New users flooding in through coinbase
- Bitcoin 0.23% nearing 10K news (every news site posted about this)
How to trade?
Situation 1:
- I'd "expect" bitcoin 0.23% to continue correcting to 8K in the next 2 weeks, it's insanely overbought, but that hasn't been a reason for bitcoin 0.23% to correct in the past. If it follows this path, it could follow the dark green trend line . I also added to dotted dark green trend line: the area between the full and the dotted is considered a buy zone for me personally.
Situation 2:
- Bitcoin crushes all (relatively) conservative analysts forecasts and follows the light green trend line . Running for 15K.
Setup:
- Buy limit: 8'000 USD/BTC
- Stop loss: 7'200 USD/BTC
- Target: (1) 13'000 USD/BTC -> (2) 15'000 USD/BTC
#ThisIsNotFinancialAdvice.
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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.
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.