BTC/CAD - Stick To Your Vision - Buy Low!!
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done.
Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price.
If you have been patiently waiting for the right side to trace all the way down to start buying - I recommend you wait a little longer - at least wait until around 8900 - any spike in the meantime will be temporary and we will correct back down.
There is a ton of buy pressure in the 6000's and beyond. I have always believed we will bottom in the 8000's again before we move back up to 12k. We are really close to some of my target prices. I've waited since May 29th to see this pattern play out.
Once we hit my first target price I will release another chart showing whats going to happen next. My recommendation if you are in the cash is to split it up into a few "chunks". Money management is key to surviving these volatile times. My first buy will be at the bottom of this pattern ($8900) - I am predicting that the bearish trend will continue until we touch the low 8000's - so I am holding back. At the end of the H&S pattern there is a very good chance we could see a small rally - but unless it breaks above 9700 I wouldnt think much of it. Stay patient and wait for the targets!
Money management is important - your crypto budget should have at least 20% for Alt coins - this could help you grow your btc holdings even more. The projects I think are offer the most value and upside are LTC, XRP, ETH, EOS, SC, DGB, XLM and XMR.
Be patient - Stick to your BTC projections - if you aren't confident - find a trade you are confident with! Most people never regret missing losing - they only regret missing winning - theres little difference between the two other than outcome. There is always a new entry and exit point - stick your vision - if you miss is this time you'll get in on the next pattern.
Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price.
If you have been patiently waiting for the right side to trace all the way down to start buying - I recommend you wait a little longer - at least wait until around 8900 - any spike in the meantime will be temporary and we will correct back down.
There is a ton of buy pressure in the 6000's and beyond. I have always believed we will bottom in the 8000's again before we move back up to 12k. We are really close to some of my target prices. I've waited since May 29th to see this pattern play out.
Once we hit my first target price I will release another chart showing whats going to happen next. My recommendation if you are in the cash is to split it up into a few "chunks". Money management is key to surviving these volatile times. My first buy will be at the bottom of this pattern ($8900) - I am predicting that the bearish trend will continue until we touch the low 8000's - so I am holding back. At the end of the H&S pattern there is a very good chance we could see a small rally - but unless it breaks above 9700 I wouldnt think much of it. Stay patient and wait for the targets!
Money management is important - your crypto budget should have at least 20% for Alt coins - this could help you grow your btc holdings even more. The projects I think are offer the most value and upside are LTC, XRP, ETH, EOS, SC, DGB, XLM and XMR.
Be patient - Stick to your BTC projections - if you aren't confident - find a trade you are confident with! Most people never regret missing losing - they only regret missing winning - theres little difference between the two other than outcome. There is always a new entry and exit point - stick your vision - if you miss is this time you'll get in on the next pattern.
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