Bitcoin trend reversed or not?
If you have followed my blog, you probably know I am looking for a proper time to buy in BTC and hold for a while.
more precisely my strategy is to enjoy the fluctuations in the sideways, and as soon as I convinced about the reversal of the trend, I'd stop trading and just hold for the certain time.
what sideways?
look at the chart:
500 CAD is the range of current sideway which is fantastic possible gain (10%)
what trend?
the down trend which started from early 2018. this trend may take some more time to cool off completely and the momentum for a uptrend form.
what time?
This is the most important question! trading daily takes a lot of effort and time. so I really look forward to stop trading and just hold. it may take 6 months to 1.5 year.
what gain do I expect?
minimum trippling, but I believe BTC can see 30k usd in a proper time.
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