Fear Uncertainty and Doubt - A Look at the Bigger Picture
With fear, uncertainty and doubt plaguing the market, sometimes it’s easy to forget the bigger picture. Bitcoin is for the first time in in almost 3 years, or about 2.75 if you want to get technical, is finally coming close to touching the bottom of the historical trend line of the major bull channel .
We expect the touch of the bottom of the trend-line to be anywhere between $13,000 and $15,000. However we may go as high as $21,000. A re-entry into the major uptrend channel would give us a target of $500,000, that’s right - five hundred thousand dollars. This is not to say we won’t have a rejection first before breaking through after touching it. Bitcoin can come down below eight thousand dollars as many weak hands will be selling thinking that was the top, meanwhile strong hands will be buying it all up.
As you can see from the chart above, bitcoin has undergone long-term accumulation at two major levels. These accumulation areas are institutional buyers scooping up bitcoins to further move the market in their favor.
Bitcoin is currently the best investment opportunity of our lifetimes, with major profits to be made let us not lose track of what we should be focused on, holding until we reach our objective. The idea is to make as much money as possible with as little risk as possible. While there are many in the public who are in fear and selling their bitcoins, when bitcoin hits five hundred thousand dollars they will wish they had not let go of the coin that could have changed their lives.
While this is purely a speculative game and everyone wants to win, there will be many losers along the way, those who do not have a plan and are easily swayed by news and public opinion. Rest assured we will keep you informed on major trend changes. Bitcoin will have it’s dips but the overall picture says up and with new money coming into the market every day you can rest assured there will be opportunities ahead to profit from.
So Apex traders, remember to stay calm in times of uncertainty and remember that there is a major picture and it has money written all over it.
We expect the touch of the bottom of the trend-line to be anywhere between $13,000 and $15,000. However we may go as high as $21,000. A re-entry into the major uptrend channel would give us a target of $500,000, that’s right - five hundred thousand dollars. This is not to say we won’t have a rejection first before breaking through after touching it. Bitcoin can come down below eight thousand dollars as many weak hands will be selling thinking that was the top, meanwhile strong hands will be buying it all up.
As you can see from the chart above, bitcoin has undergone long-term accumulation at two major levels. These accumulation areas are institutional buyers scooping up bitcoins to further move the market in their favor.
Bitcoin is currently the best investment opportunity of our lifetimes, with major profits to be made let us not lose track of what we should be focused on, holding until we reach our objective. The idea is to make as much money as possible with as little risk as possible. While there are many in the public who are in fear and selling their bitcoins, when bitcoin hits five hundred thousand dollars they will wish they had not let go of the coin that could have changed their lives.
While this is purely a speculative game and everyone wants to win, there will be many losers along the way, those who do not have a plan and are easily swayed by news and public opinion. Rest assured we will keep you informed on major trend changes. Bitcoin will have it’s dips but the overall picture says up and with new money coming into the market every day you can rest assured there will be opportunities ahead to profit from.
So Apex traders, remember to stay calm in times of uncertainty and remember that there is a major picture and it has money written all over it.
