Extremely risky to trade bitcoin. Patience and wait it out!
Aktualisiert
We're in a extremely dangerous time to trade the bitcoin or any alt-coin.
Last week/months cryptocurrancies where extremily overhyped and they still are. Almost everyone knows it's an extreme bubble. And one time it will fall, but it also will go up again. I think there is a huge possibillity we get another more extreme drop, remember the market is way to -overhyped and overpriced.
Also cryptocurrancies like the bitcoin have no possible usecase and the real world. Lots of people see the bitcoin as a store of value, well I don't because the bitcoin doesn't have a physical product like gold has, the only thing they have in commen is that they have a maximum total supply.
Also remember what happened in 2013/2014, everybody was crazy with the bitcoin, and suddently it dropped like crazy.
So if people ask me what to do? Well I say stay in usd(t). Remember with money you can easily make other money especcially with cryptocurrancies. If we stay in alt-coins or bitcoin what can we gain atm? Maybe 10/20%, thats not worth the risk! Because if we drop we can drop more than 50%. And remember when you lose 50%, you need to gain 100% to get break even.
For people wanna go short. We can short the bitcoin when we drop below the 12k. But we need to set the stop-losses at 13.5k. It's risky.
Last week/months cryptocurrancies where extremily overhyped and they still are. Almost everyone knows it's an extreme bubble. And one time it will fall, but it also will go up again. I think there is a huge possibillity we get another more extreme drop, remember the market is way to -overhyped and overpriced.
Also cryptocurrancies like the bitcoin have no possible usecase and the real world. Lots of people see the bitcoin as a store of value, well I don't because the bitcoin doesn't have a physical product like gold has, the only thing they have in commen is that they have a maximum total supply.
Also remember what happened in 2013/2014, everybody was crazy with the bitcoin, and suddently it dropped like crazy.
So if people ask me what to do? Well I say stay in usd(t). Remember with money you can easily make other money especcially with cryptocurrancies. If we stay in alt-coins or bitcoin what can we gain atm? Maybe 10/20%, thats not worth the risk! Because if we drop we can drop more than 50%. And remember when you lose 50%, you need to gain 100% to get break even.
For people wanna go short. We can short the bitcoin when we drop below the 12k. But we need to set the stop-losses at 13.5k. It's risky.
Anmerkung
We can open long trades when we break above the channel. I don't think it will happen, I think we reach the 8k first.Unfortanate I won't be much online the upcomming days. Because of christmas. Watch the demand zones at 7.5 - 8k. Carefull with shorts and don't be to greedy to buy in to fast! Watch for a real breakout first.
Anmerkung
Hi there! We opened the long trade on 13.1k closed it just before the resistance at 14.2k. Atm we facing a huge resistance. If we wanna open a long trade we want confirmation of the up trend when we break the red restisance or when we're above the 14.4k usd.BTW. The payed group is gonna happen, I will send everybody who reached out to me a pm or e-mail today with some questions. It will probably start from thirsday 28th of december.
Anmerkung
The first target will be 19.5k usd. From here we can make a double top going down and forming a huge triangle to break out to go to even higher levels or we see a fall back. I will post here when it's happening.For the people reached out to me about the payed (signal) group and didn't received the details about the group yet, please send me an e-mail at cryptopredictionstvgmail.com
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