With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail.
I predict that most economies are going to tank a lot further yet also.
It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy.
See how easy it is to see stop losses, do you not think that big institutions can't see them??? Liquidity for the taking.
I will be looking to buy coins around the orange price.
Also I will not be trading bitcoin, I will be buying the coins and storing them into a secure offline wallet. Must better to invest in bitcoin for long term than to try trade it.
This is long term idea and is NOT a trade but an INVESTMENT.
How did you arrive at the buy range of ? Your Buy range has negatives . Price cant go below 0.
joebrownFX
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@chs2407, sorry they are not accurate just drew quickly, but I am expecting to buy under 1k ideally
enigmatickoala
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Good chart, very possible play but I've locked in bitcoin at these prices for good, if a drop that severe was to happen it would be so quick they would all miss it. HODL
joebrownFX
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@enigmatickoala, I'm not sure how quick it will happen but people will be enticed to buy first, nice level on lower TF etc and we will most likely hear main stream positive news to further sucker people in then they'll all get whacked! Then there will be a long pause at the bottom while banks build positions before the rise I predict.
tonygun72
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I have finally found someone who has the same buy zone as myself. I think everyone still thinks this thing is bullish after the heinous drop we've seen it's ridiculous.
joebrownFX
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@tonygun72, exactly I like the added assurance people are doing the opposite. The market is a market, an exchange between a buyer and a seller. If everyone does the same thing then price cannot move, the only people who can match the retail traders money are banks and hedges, they are the ones who move the markets, so when the average trader and sentiment say one way chances are usually goes the opposite 👍😊
tonygun72
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@joebrownFX, I agree there is valid technicals for a possible move to 7k but I'm holding tight for the bottom as I'm looking to make some long term investments.