I am relatively new in the crypto space, jumping on the train in November 2017, and have had some good and bad times since, mostly bad due to the bear market we all know too well. I drank some of the Kool Aid when the market was sky high, like many others. However, I took this as a learning opportunity, invested in some great content that I am still rewatching everyday, and have been on Tradingview watching others since January of 2018. My confidence is growing each day, and most importantly, I am learning to be more patient, which is not easy!
With that said, I am looking forward to what is to come the remainder of this year, and the following years for the Crypto space! This is my first analysis on BTC, and from what I can see, things are looking up! When looking at the monthly chart, we held support on the 50 Day MA in March, RSI is curving up just a bit, and we have a curve up on the Stochastic RSI. This tells me we are slowly entering an uptrend, and believe we will move sideways for a couple of months, then start ticking up this summer (Slowly). We will experience a great deal of resistance in the months ahead, and will most likely not see any excitement until we break and hold the 10K mark. Based on the last start of a long-term bull run in 2015, it took about 8-9 months to see growth at or around 200%. I am taking a conservative approach here and saying we will not see 10K until October at the earliest. I do not think we will moon tomorrow like many others are saying, which they were also saying at the beginning of 2018, and we see what happened there. Apparently it is alt season, in case you were not aware, so exciting times there for swing trades!
Of course, this is not trading advice, just my opinion and what I see on the chart long-term.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.