Those who follow me for a while already know how I like to deal with BTC. I’m a swing trader, and I only enter in a trade that is absolutely clear and in accordance with my trading philosophy. While I see people day trading and fighting to earn money over noise, the little moves that the market does, I always try to see the big picture, and surf a nice trend. Just to be clear, I’ve nothing against day traders, ok? I’m just saying that it is not my style, and I respect every player here. To me every trader is a true warrior.
Recently, we did a very nice trade on BTC, a very classic and technical trade, in case you’ve missed it I’ll put the link of my call bellow. We bought BTC under the U$ 7k and it reached our target, the U$ 9.2k. Remember to follow me to keep in touch with our trades and analysis.
Now BTC is “sleeping”, which is natural after a bullish move. Meanwhile, we are waiting, for the next opportunity will come for sure (I’ll be honest and admit that I don’t know when, but it will come). In my last analysis I described about the enormous potential BTC have, and how the recent bullish move is different from the last one (end 2019 – Feb. 2020). If you missed, the link will be bellow, as usual.
The volume is increasing, and maybe BTC will have the strength to break free from this descending channel and seek U$ 14k or even the U$ 20k. There’re a lots of challenges in the way, yes, and probably it will take time, but it’s a real possibility to work with.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *