Topic: BTC Reversal Pattern, Technically And Fundamentally. What Do You Think? - page 2. (Read 216 times)
July 02, 2018, 09:39:37 AM
I agree with your sentiment about this being the start of a new bull run. I've heard the mega fuders say that we will be in a bear market for 1-2 years similar to what happened after the Mt. Gox crash. This time is different. Crypto is much more established and widespread so that's why I believe this bear market is over. I feel sorry for the panic sellers who bought at the top and ended up selling. All they had to do was hld for the long term and bitcoin will eventually reach a new all time high.
July 02, 2018, 09:27:01 AM
Hi,
I read a thread around last week to suggest a good time to buy bitcoin and hodl for long term, on that time bitcoin price was around USD 5,750-6,000. The thread posted fundamental analysis, here is the link : https://bitcointalksearch.org/topic/reasons-to-collect-and-hodl-bitcoin-at-current-price-for-long-term-4546167
Now I've found another analysis in technical made by experienced trader to say that currently Bitcoin is in reversal pattern mean that bearish will be ended soon and started for bullish. Here is the link for TA: https://www.newsbtc.com/2018/07/02/bitcoin-btc-price-watch-reversal-pattern-and-breakout/.
By above analysis for both fundamental and technical, I believe that now is the bottom price of bitcoin and ready to reverse strongly into bullish trend. This bottom price is really a strong support as tested 3 times as can be seen in the figure:
So we will see the green candle on crypto space onward, but as I posted on other thread to remind for risk management to be paid attention. For complete thread of risk management, here is the link: https://bitcointalksearch.org/topic/if-you-think-trading-is-risky-why-you-dont-use-risk-management-4546469
What do you think?
I read a thread around last week to suggest a good time to buy bitcoin and hodl for long term, on that time bitcoin price was around USD 5,750-6,000. The thread posted fundamental analysis, here is the link : https://bitcointalksearch.org/topic/reasons-to-collect-and-hodl-bitcoin-at-current-price-for-long-term-4546167
Now I've found another analysis in technical made by experienced trader to say that currently Bitcoin is in reversal pattern mean that bearish will be ended soon and started for bullish. Here is the link for TA: https://www.newsbtc.com/2018/07/02/bitcoin-btc-price-watch-reversal-pattern-and-breakout/.
By above analysis for both fundamental and technical, I believe that now is the bottom price of bitcoin and ready to reverse strongly into bullish trend. This bottom price is really a strong support as tested 3 times as can be seen in the figure:
So we will see the green candle on crypto space onward, but as I posted on other thread to remind for risk management to be paid attention. For complete thread of risk management, here is the link: https://bitcointalksearch.org/topic/if-you-think-trading-is-risky-why-you-dont-use-risk-management-4546469
What do you think?
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