Bitcoin ends Elliot Waves!! Is the first wave coming up?
The Bitcoin 4 days ago touched again the upward barrier that has been following since the 7,000 and has formed the wave "E" of Elliot, everyone expects Bitcoin to begin to increase its price either suddenly or gradually.
Advantages of investing now in Bitcoin:
- Its price is relatively low (Referring to the opinion of experts who said that at this time the Bitcoin would be close to 14K).
- Not being in a strong rise, commissions for transactions are relatively low.
- Its capital market has always been low in these months historically, always at the end of July and the beginning of August the investments rain, which triggers the price.
Disadvantages of investing now in Bitcoin:
I always try to be as honest as possible in my analysis when I give the best cryptocurrency to invest the adverse opinions and this is not the exception, as you could see the "B" wave is semi complete so it could be a false formation.
If the market capital does not increase it is possible that the Bitcoin and all the criptomercado lose their growth in general (If this happens, I do not think it would fall, it would only remain stable).
As usual, I will leave my investment parameters to all those who enter the world of trading.
Investment parameters:
- Buy now at: $$ 7,677.26
- Maximum loss before withdrawing the investment: $ 7,300.00
- Maximum profit to withdraw the investment: $ 9,000.00
- Maximum period: 20 to 30 days.
Additional tip: Do not invest if you need money in the short term; my analysis is an approximate prediction, therefore, I can delay or anticipate it. If you want a much more complete accessory and with strong arguments, you can consult me through Discord: @Alejandrofz95:#6951
Disclaimer, I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.
Love it! Long BTC short fiat.
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