WOW, 160% returns in 6 weeks, how about you?

8. Mai 2020

I know title like this may irritate some traders coz they were busy on the other side of the planet and upon seeing this, will probably curse themselves for missing this deal.

My friends, all these are hindsights and anyone can pull a chart and tell you that. That is why you see so few coming out to the market and make bold claims about the director of the market as Covid-19 is unprecedented.

BTCUSD has a reputation of giving monstrous returns and at same time collapsing just as fast! So, this train is really volatile and not suitable for those who wants to buy and hold for a long , long time. I doubt Warren Buffett who is not into Tech stocks will be keen on this , haha.

The price level around 8975 to 9000 where it retraces is crucial. It has to be supported at this level and continue moving up to consider a genuine breakout.

So, my friends, do you think there would be another 160% or more returns awaiting up there ?

Be extra careful with this instrument, it can cut both ways.

8. Mai 2020

Anmerkung

marketwatch.com/story/hedge-fund-boss-who-called-the-87-crash-and-made-timely-call-on-gold-now-says-if-i-am-forced-to-forecast-my-bet-is-it-will-be-bitcoin-as-the-best-inflation-hedge-2020-05-07?mod=home-page

9. Mai 2020

Anmerkung

wait for the bull flag or pennant to go long

11. Mai 2020

Anmerkung

it can flirt around the bullish trend line for a while before going up again or head sideways till the news of bitcoin halving reach its impact tomorrow.

Do not rush, wait for the tide to settle down first. If it is going to go up a lot, then catching the confirmed mid stream is profitable enough, there is no need to fuss over if you catch it at the breakout. In fact the bottom is already missed by many except the early bitcoin enthusiasts who average down when it was at 6000 level before plunging to 4000.