You're here because you've completed some research and are starting to understand the opportunity and potential that cryptocurrency has! 99.9% of people do not invest in cryptocurrency because they've never heard of it, or don't understand it!
When the general public starts to invest, the price of Bitcoin and other cryptocurrencies will sky rocket, meaning potentially really high returns to early investors.
Below $7800 , I am not so optimistic!
Strong Resistance blocks: $9,800 - $10,000
If we close above $12000 for a week, We will be opening new long trades! Then, Our targets will be $15000, $17000 and $20000 resistance levels.
Strong Support block: $7,000 - $6,500
I’m opening a big-sized long position (saving some of my USDT balance in case we do get a chance at ~$4800 - $5200).
Last but not least you should always keep the ratio below
30 - 40 % BTC
40 - 50 % ALT
10 - 30 % USD
You are an investor / trader, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts.
People sent me some messages that What if BTC drop. Here is the answer for everyone.
Major Support Zones: The last strong base of consolidation on the weekly chart is the base we saw form during the August to October period below 5K. Prior to that, the next major support zone is the base formed during June/July below 3K. It would make sense that one of those two areas of consolidation would be the new support zone of a big correction. However, we could see several weeks of rallying or sideways consolidation before we start to see a breakdown again that ultimately takes us to one of those levels.
I'm not saying that is what will happen since we have a bull case but we have to keep all scenarios in mind here. I am also targeting $50,000 BTC value sooner or later!
Never do something because other says so, trust yourself, but be open and flexible to learn from experts.
Become stronger, become a wolf, not a sheep.
This is not trading advice, and should be used for educational purposes. Do not invest what you cannot afford to lose. You are solely responsible for your trading and investing decisions. You use any information in this account only at own risk.