Bitcoin's high probability on intense fluctuation
Just look at the BTC's fluctuations since June 14th until today. 12k to 16k CAD up and downs, though the range has been good for day traders, but it is a bit boring for investors and long term traders.
Well, in my opinion, that's about ending soon!
This chart shows in the first week of September, BTC should choose whether to start a new bull run, or complete another major correction and retracement for the parabolic rise it had.
Dear @honarparvar
Personally I'm not big fan of TA. I've learned that in theory TA is taking human psychology into consideration, however my impression is that most of the time it is very opposite.
I wonder if others here do believe in TA the way I do (not that much) or would they have different opinions.
Also one thing I would like to notice: crypto industry isn't ready for another bull run. I think that repeating 2017 anytime soon would be devastating for this market.
We need more regulations, more transparency with taxes and more trust. We do not have any of it right now and for that reason I wouldn't expect that crypto would attract many new investors anytime soon.
Upvote on the way.
Yours
Piotr
Hi friend @crypto.piotr.
I consider that TA cause great stress to crypto users. There are people who take up a large part of their lives to monitor the graphs and often make very subjective assumptions.
very true. but it's important to consider trading for yourself, a profession to earn/save etc or a hobby!
Roger Federer and I both play Tennis; I pay to play, he gets very well paid to play!
if it's a profession, then it worth the stress. that's my point
Perfect analogy!
I share your point of view dear friend.
thanks peter, I didn't say we will have a bull run, a major fluctuation is probable. I do agree many ppl don't believe in TA; I do but I don't like it so much too!
predictions are useless most of the time... but don't ignore the charts at all, if your crypto assets are important for you.
crypto world nowadays lack real insight info on the fundamentals I believe, so the importance of technicals get a bit bolder.
I really appreciate your comments
TA exists because of self fulfilling prophecies. As long as there are enough people believing in the pattern and trade based on that, the pattern will be formed. I didn't believe in it previously, but my exposure to crypto got me into studying it.
I am not an expert, but now I use TA to determine better entry prices for investments that I find fundamentally sound
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great, thanks for sharing 🙏🏼
Very good analysis friend @honarparvar.
A very unstable market and seems to be unpredictable, there are those who expect it to rise, however it still maintains its range.
If a correction were made, would it reach $ 3,000 again?
Hi and thanks for comment.
don't ask me for price predictions! but what you are saying is set to be the most bearish ideas in the community. personally I will be a value investor if BTC drops to $6K (I mean I will buy and hold even if it falls below that level)
Hello friend, thanks for the answer, I think it is a wise decisison, what I really want to do is know the opinion of people with experience in investment, with knowledge of market behavior to learn more about this matter.
Thanks friend, you are very kind.
Hi dear friend @honarparvar.
This group of investors should already be making projections for next May 2020, approximate date of the third halving.
Your friend, Juan.
I think we will be seeing some new market tools this year. Maybe even crypto in the Presidential debates.
well I'm replying this comment as what we were talking about just happened 😏