BTC - Silver Futures Comparison - Bear Scenario
I decided to check some of the main commodities and companies to compare with bitcoin.
I will be posting 1 bear, 1 bull and 1 neutral scenario.
Even though silver has not entered any certain season yet, we can check how the consolidation had happened.
Checking the candles and elliott waves, I see that silver has a similar path as bitcoin. This does not mean that bitcoin will follow silver's path, but it can give us an idea about what can happen.
Of course we can directly go to the moon but we should always consider the other options (I AM STILL STANDING A BEAR).
I believe that bitcoin will make a much deeper correction than silver and go below 3k's.
Let's wait and see what will happen.
Always use stop loss my friends (mental is also okay!) Liquidation is the worst thing that can happen to you.
If you become a great analyst but have no money left, there won't be anything left for you in the crypto or stocks markets.
If you want me to check other commodities in any time zones, please let me know.
If you think this won't happen, please comment it down, I would love to hear other opinions and improve myself...
PS: I am not trading bitcoin. I am swinging eos & eth, keeping my portfolio in USD.
I will be posting 1 bear, 1 bull and 1 neutral scenario.
Even though silver has not entered any certain season yet, we can check how the consolidation had happened.
Checking the candles and elliott waves, I see that silver has a similar path as bitcoin. This does not mean that bitcoin will follow silver's path, but it can give us an idea about what can happen.
Of course we can directly go to the moon but we should always consider the other options (I AM STILL STANDING A BEAR).
I believe that bitcoin will make a much deeper correction than silver and go below 3k's.
Let's wait and see what will happen.
Always use stop loss my friends (mental is also okay!) Liquidation is the worst thing that can happen to you.
If you become a great analyst but have no money left, there won't be anything left for you in the crypto or stocks markets.
If you want me to check other commodities in any time zones, please let me know.
If you think this won't happen, please comment it down, I would love to hear other opinions and improve myself...
PS: I am not trading bitcoin. I am swinging eos & eth, keeping my portfolio in USD.
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