Post 2: BTCUSD analysis and prediction!

in #bitcoin6 years ago

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DONT buy BTC just yet! Don't. BTC will probably hit 6300$ and under within the next 30-50 days, and might see it even drop further. Now the price of BTC lately has been hovering closer to the floor of the triangle, which in my experience normally leads to a drop in price, however if that doesn't happen we could see another retest of the green line. Why do I think it'll drop? Because buyers and longers are much much weaker than the sellers and shorters right now. And if you can't tell, most price jumps are due to investors trying to get in quickly on a huge price jump. So if a drop below the red happens you BEST believe people are going to panic and sell their coins! Personally, I wouldn't buy ANYTHING right now. 2 months we are going to know the direction of BTC but even then it's almost very likely it WONT follow the same pattern it always has before in the past. JS.

Like always guys, make sure to analyse all advice to the best of your ability before entering any trade! Use a stop loss! Use an RSI and one more indicator; STUDY how to use that indicator BTW don't just use it!! Check corresponding pairs and always always manage RISK!
Also make sure to follow us on facebook! https://www.facebook.com/millionaireFXinvestors/?modal=admin_todo_tour
And If you have instagram add me as well! IG: Nerdluis

Dreamants i'm going to start doing something new with every post I add from now on; With every little post im going to be adding a picture of me and a little story of what i've been doing or planning just so you guys can get to know me a little more! I really hope on being able to build a little community of traders, where we can all learn to be successful and be just absolute lions in life!

So the above post i'll be adding with every post, but everything below here will be my little life short stories:

Story Time W/ Luis Lizama:
Today was my little sisters first day in Pre-K. I don't know why, but I was happy to finally have her out the house haha But I was also kinda sad i'm not going to lie. I took care of her while she was a baby so I guess i'm a little more attached than the average brother. She's super cute tho so I can't blame myself.
Oh and BTW add me in this game!
https://s203-en.ikariam.gameforge.com/reg.php?fh=68ffe482ae8e123372e695b795addacd
I've been playing it for a couple years now.
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I am thinking about buying. Your post is helpful me to analysis more @dreamants

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