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Attachments: Bitcoin (BTCUSD)
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Bitcoin (BTCUSD)

Hi guys
I see a sale ahead M15
"No pain no gain"
However, market still buys 3%
"No pain no gain"
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"No pain no gain"
Quoting CryptoBoy
BTC is short all the way till at least end of 2021 ... Cheers!
Why do you think so?
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Quoting creativereza
{quote} Why do you think so?
If you look in the explosion in BTC valuation (We went 100% above the highest expected price for 2021; that is 30K level). So we are currently creating a Higher high, and nose diving perhaps all the way back to $12,000.

Do not get me wrong, i'm not going to short it ... or perhaps short for small periods! This thing is crazy and can just keep on going. For now this is where i will be thinking about Buying and holding.
Quoting creativereza
{quote} Why do you think so?
Nobody knows for sure where BTC will be going for the rest of the year. And if they act like they know and can't be wrong, then it's probably best to ignore them.

In my opinion, the best thing one can do as an aspiring trader is to learn how to read charts, and stick to basic price action. Learn to recognize basic patterns and candle formations. Use high time frames such as the 4HR, Daily, and Weekly. Take it one day at a time, and don't try to predict the future.

There is a guy named @EmperorBTC on Twitter who offers free trading tutorials.
You don't know because you don't ask.
Quoting xDREx
{image}
What broker do you use? Is it providing metatrader for cryptos? how about spreads?
Trade to enjoy... Money is after!
Quoting saninvestor
{quote} What broker do you use? Is it providing metatrader for cryptos? how about spreads?
My preferred broker is IC Markets, Raw Spread account. Recently it introduced only these cryptos: BCHUSD, BTCUSD, DSHUSD, ETHUSD and LTCUSD.
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Quoting xDREx
{quote} My preferred broker is IC Markets, Raw Spread account. Recently it introduced only these cryptos: BCHUSD, BTCUSD, DSHUSD, ETHUSD and LTCUSD. {image}
Thanks. Spread is good for metatrader broker. but limited access to many cryptos is a weakness.
I trade with binance. But I hate their platform. Metatrader is best.
Trade to enjoy... Money is after!
Quoting here2there
{quote} Nobody knows for sure where BTC will be going for the rest of the year. And if they act like they know and can't be wrong, then it's probably best to ignore them. In my opinion, the best thing one can do as an aspiring trader is to learn how to read charts, and stick to basic price action. Learn to recognize basic patterns and candle formations. Use high time frames such as the 4HR, Daily, and Weekly. Take it one day at a time, and don't try to predict the future. There is a guy named @EmperorBTC...
I agree with you there; no one can predict the future or the unknown. Best thing is have control over what is controllable. [Your equity and what amount you are willing to risk ... aka lose] If you stay clam and cool, look at the explosion in BTC valuation and the monthly chart. You will see a price moving 90 Degrees north. The market cap surpassed Google and Apple. Where will the next trillion of Dollars will come to push BTC higher?!!!

For now BTC should start correcting and re-distributing its market cap among many small players. Case in point Ether and ALT coins ...

There is also the leveraged / margin buyers, which is quite popular in market types like these.

Which translates into a correction of 10% is intensified by margin calls to 20% and vise versa!

Just my humble opinion!
Quoting xDREx
{image}
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I posted this in another thread , look at the wolfe wave developed in D1 ,
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Bitcoin cycles might be longer than you think
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My two possible scenarios

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Lets see if I was right in the future.
Quoting venividivici
My two possible scenarios {image} {image} Lets see if I was right in the future.
I think Bitcoin could go below 20k.
You don't know because you don't ask.
One interesting thing has happened in this crypto selloff. BTC market share has gained from around 63% last week to 67% now, although still down from around 80% earlier this year.

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Is it good to buy Bitcoin when the market is in barish trend?
Is that a Weekly Head and Shoulders I see before me?
The Bitcoin Chart quite reminiscence of Gold back in in 2012-2015 ... a trajectory downward, with explosive short lived bursts! (Be careful)
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