BITCOIN MAY BE HEADED TO $5000: HERE'S WHY – BTC/CRYPTOCURRENCY TRADING ANALYSIS




This market buying and selling evaluation applies to numerous exchanges, together with Bitmex and Binance. Tackling questions like if Bitcoin can attain 20okay once more and if we might be seeing a crypto foreign money market restoration this yr. Issues just like the lightning community have supplied enormous enhancements for BTC and whereas it's true that others like Roger Ver with Bitcoin Money (bcash) could disagree, I do see these blockchain know-how improvements to be very bullish elementary indicators for the area.

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41 thoughts on “BITCOIN MAY BE HEADED TO $5000: HERE'S WHY – BTC/CRYPTOCURRENCY TRADING ANALYSIS

  1. Forflies, What are your opinions on the Gandhiji Ethereum smart contract ? Its a unstoppable and immutable smart contract on eth. Has no owner , no admins , Nothing in the smart contract code can be changed. Basically the smart contract has its own token called IND . The tokens are created when eth is sent to the contract and destroyed when the tokens are sold back for eth. Each buy has a 10% fee and that fee is split up among all the token holders as rewards for holding the IND tokens. Anyone from anywhere in the world can interact with the smart contract as long as they have metamask. I have a video about it posted on my channel.

  2. Bitcoin ehthusiasts keep talking about charts, support levels, resistance, breakthroughs and all of that stuff just like they do with stocks too and call it the very respectable and fancy name (Technical Analysis) without most even knowing what these are and thats how they in turn give wrong analysis and lead people into even deeper financial trenches. Firstly, with stocks we do have actual real companies supplying actual real goods and services, and we can go and “kick the tyres” so to speak but cryptocurrency followers don’t have that. We’ve nothing but the charts, as there’s nothing tangible behind it and this makes analysis easily go wrong. Let’s cut through all of that. I am not anti-crypto as i make lots of money from crypto, not by hodling, but by day trading. Talk now is of a possible Bitcoin recovery breaking through the $5,000-$6,000 levels again. If that happens, they say we could be in for another bull run. On the other hand, if it should fall through a line set arbitrarily at around $3,000-$3,200, then that’s the time to accept defeat and sell. If anyone has any Bitcoins, I say the time to trade is now, because you’re holding something of no underlying ability to store value whatsoever but also having the ability at the moment to turn in lots of profit. Today’s centralised currencies and payments systems are actually quite efficient, and they have that essential characteristic that Bitcoin can never have which is stability hence the risk in hodling. I personally even though i am quite knowledgeable in crypto, i am not an afficionado and i still depend heavily of the strategies and signals developed by Williams Wesley and i would suggest him for anyone who is serious about making money from cryptocurrency today. I have used a bunch but his system is the best i ever encountered and used for over 6 months already with accuracy so astounding. [email protected] is his contact if you need to reach him for any crypto related assistance

  3. 13:37 – Quitting is for pansies. =D He probably got fearful because the money came so fast, it is a crazy feeling when it happens. Most will lose all of it though (at first), so kudos for that guy cashing in and stepping back. One of the hardest things to do is to take profits, especially big ones. Hopefully he learns some good risk management techniques before he comes back to trade (its almost impossible not too after a gain like that, lol). There is one thing for sure though, you can not 'live the life' with a 'life changing' 50k. That is maaaybe 2 years of expenses in most larger cities, and thats with minimal vacations and 'fun things.' Stay strictly disciplined and then you will be able to rinse and repeat. Your trading rules should be rigid, while your expectations are flexible. Dont be afraid to change positions. Embrace it.

    Good job on sticking through this sir! Even though i think you said it a bit brash (get a f life, lol), i do agree. Dont look at charts all day or you will lose. You will create a mirage of narratives to justify your confirmation bias. The brain is a funny thing sometimes. Dont forget your emotional capital and learn how to manage it. This is far more important than the notional value of your portfolio.

    Keep on truckin mate! Cheers.

  4. Folks. You can't use old technology, charting for a digital product like Crypto. There are no Assets or Liabilities, no P&Ls, no dividends, no PE, etc. You need new technology with multi-dimensional algorithms to help predict peoples sediment because that's what drives rallies. Charts can't predict when someone shorts Bitcoin on the CME and expands the number of issued coins in the process. Futures can triple, quadruple etc the number of coins on issue by issuing paper products in its place. Crypto is not an investment it's a ponzi scheme as Dr Doom would say with the ability to get rich quick. I play it for fun, to test my algorithm, to feel the excitement of arbitrage, to ride the wave. You MUST only be in the market when you're actively viewing it otherwise sit on the sidelines – Don't lose your shirt or bra be smart. Find yourself an exchange with few players so the prices can be manipulated with low exchange fees, 0.1% is the best i've found for $ trades and 0.22% for BTC pairs trading. The WHALES only make 2% on each trade because their fees are low. Trade like a whale, position yourself inside their buys and sell positions to make easy money.

  5. ive not wrote on here before,really like the way you show the charts i am atm just finishing a course with steven courtney lastone pro loads and loads of reading ,mate for ur age ur write up there,took time to grow on me..lol thaks for all ur updates,oneday id like to get into ur group,atm doin ok too in this shit fukin bear market

  6. you said 10 days ago it was going to 800. But according to my analysis on the 4 hour chart which shows a nice head inside buttocks forming with an interesting parbolo. Meaning it's going to 1 million on new years day.

  7. Careful, if you stare at the charts for too long you can see non existent head and shoulder patterns everywhere. It's like staring at clouds, If you look long enough you can see Michael Jackson riding a bull while the bears steal your money.

  8. I hope you will continue to analyze XRP. This is my long term investment vehicle so yea I'm a supporter but I also would like to exit during longer bear trends going forward and reenter on the bull trends. I know, you only focus on 1-3 days, but still…

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