Bitcoin! Boom or Bust happening very soon.

in #trading7 years ago (edited)

Untitled.jpg

I have been watching BTC recently very closely as i feel it is soon to be at "Breaking Point". In the chart I have posted there are a few things to look out for here are a list of them.

  1. The main down & up pattern are meeting at a breaking point.
  2. This breaking point bottom (Which is the red line) was drawn before the last bounce so i know we are hitting that as a rule.
  3. We have now gone low enough to be considered the lowest we will go before a "Boom".
  4. The star that I put there is going to be the lowest we will see Bitcoin before a "Boom".

So what is going to happen? Well we just don't know 100% but looking at that chart it looks like we are not going to see a "Boom" just yet but it is looking very positive for one before the 20th of February.

So when should you buy? Well now. or at least around the $10400 mark as i do feel it will go maybe to around 10100 but just in case you might want to get in early as if you miss that $10400 you may never see that number again.

What if it "Busts"? Well this is a possibility so you should never trade your whole hand unless you are gambling. However if it does bust the next bounce we are looking at should be around $7500.

I think this is a huge breaking point for Bitcoin and you don't have long. I know 20th of February may seem a long time away but it can happen at any point between then and now. This could be the lowest buy in point right now.

Be careful when trading and i hope you make lots of cash. I am not a financial adviser and everyone should do there own research.