BITCOIN - Long-Term Analysis (Bullish Pennant)
Updated
Hello my friends!
The price of Bitcoin (BTC) might be moving in a Bullish Pennant after the parabolic run until December 2018.
According to my idea, the price is currently in the last leg down, hitting our Support long-term in the beginning of 2020,
from where the price will start to push aggressively upwards in anticipation for the Halving in May 2020.
Please remember that the cryptocurrency market is heavily manipulated and news-driven (last week was a great example).
Much manipulation comes from asia and believe it or not, even your most trusted news site get payed for biased reporting.
But not only news sites are trying to trick your minds and the prices. There are also whales manipulating the market
and creating FOMO (fear of missing out) with an initiated 3.000$ move in less than 24 hours.
The same thing can happen again at any time. Tomorrow, next week, maybe six days before the Halving.
But this time the price might move in the other direction, backed with some bad news caused by a random comment from Xi, Donald or the SEC.
If you are in for the long run, you are good to go if you invest a certain amount of money each month, no matter where the price is.
This is one way to reduce the impact of volatility in your overall investment. Do not attempt to time the market.
This is the easiest way to make money!
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
The price of Bitcoin (BTC) might be moving in a Bullish Pennant after the parabolic run until December 2018.
According to my idea, the price is currently in the last leg down, hitting our Support long-term in the beginning of 2020,
from where the price will start to push aggressively upwards in anticipation for the Halving in May 2020.
Please remember that the cryptocurrency market is heavily manipulated and news-driven (last week was a great example).
Much manipulation comes from asia and believe it or not, even your most trusted news site get payed for biased reporting.
But not only news sites are trying to trick your minds and the prices. There are also whales manipulating the market
and creating FOMO (fear of missing out) with an initiated 3.000$ move in less than 24 hours.
The same thing can happen again at any time. Tomorrow, next week, maybe six days before the Halving.
But this time the price might move in the other direction, backed with some bad news caused by a random comment from Xi, Donald or the SEC.
If you are in for the long run, you are good to go if you invest a certain amount of money each month, no matter where the price is.
This is one way to reduce the impact of volatility in your overall investment. Do not attempt to time the market.
This is the easiest way to make money!
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Note
*Parabolic run until December 2017Note
Updated Intra-Day chart:
Note
Hitting our trendline!
Strategies, Insights & Education: t.me/KOLAcademy
Disclaimer
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