BTCUSD Uptrend if Volume Continues to Increase
Updated
My limited understanding of trends has helped my currently increase my standing by over 100%. I'm not always right and markets change and are manipulated every day.
The previous artificial pump of BTC to 11000USD was forced up due to whales and was successively corrected to an original support level.
Now that the whales have entered we have overall increased support for BTC. In light of recent media intervention we have access to even more currency pouring into crypto.
In saying that I feel another correction will be due soon, but not before a 10-20% overall increase that is achieved over days and not hours.
Happy bidding.
The previous artificial pump of BTC to 11000USD was forced up due to whales and was successively corrected to an original support level.
Now that the whales have entered we have overall increased support for BTC. In light of recent media intervention we have access to even more currency pouring into crypto.
In saying that I feel another correction will be due soon, but not before a 10-20% overall increase that is achieved over days and not hours.
Happy bidding.
Trade active
Interesting to see the progress on BTC but to actually re-visit this analysis now is actually very relevant. Everyone looks at the current price and freaks out over a dip that happens over a few hours, rather than days/weeks.We still see BTC following the green trend lines almost perfectly! At the end of the day BTC is sitting in the upwards trend zone and does not look like its leaving any time soon.
I made this mistake of buying a few before the dip, because I was sure the dip would happen after the 25th, however I was comfortable holding because an upwards trend is an upwards trend and if you're LONG on a coin (and BTC is for sure a LONG coin) you cannot freak out when the world freaks out.
Know what you have earned and know what you can and cannot lose.
Buy more if you can, I do not see BTC going back this low ever again, especially before 2018.
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