These past couple of days were nightmares for traders. I wouldn't be surprised if most of you were always looking at your bitcoin dollar value and see it drop every second, thus creating fear and panic. But the good news is that we're finally reaching strong support lines that have the ability to hold off all the sell orders made solely by fear. In the chart you can see how bitcoin might go, there's a high chance that it will do a reversal from the current support, but if that would fail, we would be heading to 9k.
I want all of you to do one thing. Diversify. Bitcoin dropping in an opportunity to gain big amounts of profit and you should not miss the chance. For example, if the only thing that you have right now is bitcoins, sell a portion for usd and place a buy order at 9k. This way, even if bitcoin would drop, you would have a buy order ready and could buy bitcoin for a cheaper price. Remember, you can't let money take control of you, if that happens, say goodbye to future profits. Always have a plan when trading. (There are many methods of diversifying, this was just an example)
For the moment:
Buy orders - 11500+ and 9000+
Profit goal - 22500.
If you want, i pointed out where btc might retrace a little and you could make a profit by trading those support lines. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!
I want all of you to do one thing. Diversify. Bitcoin dropping in an opportunity to gain big amounts of profit and you should not miss the chance. For example, if the only thing that you have right now is bitcoins, sell a portion for usd and place a buy order at 9k. This way, even if bitcoin would drop, you would have a buy order ready and could buy bitcoin for a cheaper price. Remember, you can't let money take control of you, if that happens, say goodbye to future profits. Always have a plan when trading. (There are many methods of diversifying, this was just an example)
For the moment:
Buy orders - 11500+ and 9000+
Profit goal - 22500.
If you want, i pointed out where btc might retrace a little and you could make a profit by trading those support lines. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!