Like the previous analysis on BTCUSD, I successfully caught the top by comparing Bitcoin with Gold.
Although they share some similarities but I do NOT think Bitcoin will go sideways from here.
BTC continues to act as the 'base currency' of the whole crypto market. Some exchanges already adding ETH pairs, that's why I am bullish on ETH too, maybe even more bullish than BTC.
Technically BTC could fall to as low as $8000 like many people suggested, but think about this, let's say it does go down to that low, you'll TEMPORARILY lose 20%, and what if it doesn't and shot up instead? You'd have to be FOMOing back into BTC or miss out this 75% gain opportunity.
Again, as always.***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
BTC continues to act as the 'base currency' of the whole crypto market. Some exchanges already adding ETH pairs, that's why I am bullish on ETH too, maybe even more bullish than BTC.
Technically BTC could fall to as low as $8000 like many people suggested, but think about this, let's say it does go down to that low, you'll TEMPORARILY lose 20%, and what if it doesn't and shot up instead? You'd have to be FOMOing back into BTC or miss out this 75% gain opportunity.
Again, as always.***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
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I'm all in.
I'm all in.
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So far so good, it's back on track.
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Haven't had drawdowns in a few months, but I believe it's just sentiment extreme caused overshoot, it will come back to ATH, I'm still in this trade.
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