Hi, friends.
It's funny to read different analysts prediction about the price of $3000 per 1 BTC or $25,000 per 1 BTC. The real fact is that no one knows this. We do not have to guess what the price will be in the future, we must to trade the present, the current market conditions and enter into the market in the same direction as Big guys (Smart money, Big Money, whatever).
The structure of the market is the same as 100 years ago. First - the price accumulates in a wide corridor, and then goes into a trend. When the large players close their positions (fix), then and a new consolidation begins. It's a cycle.
What we have now on BTCUSD?
Bitcoin is in the uptrend. Now there is a correction wave to the upper balance level.
We can open buy position in support zone 8660-9000.
If the price breaks down 7850, that would be a bad signal for BTC and with a high probability we will see a new fall wave to the lower main-balance level 6000.
It's funny to read different analysts prediction about the price of $3000 per 1 BTC or $25,000 per 1 BTC. The real fact is that no one knows this. We do not have to guess what the price will be in the future, we must to trade the present, the current market conditions and enter into the market in the same direction as Big guys (Smart money, Big Money, whatever).
The structure of the market is the same as 100 years ago. First - the price accumulates in a wide corridor, and then goes into a trend. When the large players close their positions (fix), then and a new consolidation begins. It's a cycle.
What we have now on BTCUSD?
Bitcoin is in the uptrend. Now there is a correction wave to the upper balance level.
We can open buy position in support zone 8660-9000.
If the price breaks down 7850, that would be a bad signal for BTC and with a high probability we will see a new fall wave to the lower main-balance level 6000.