Bitcoin's two potential pathways from here.
If you have been following my posts, you know we nailed it so far though it took longer time than I expected:
There were many fake breakdowns of bitcoin before we fell to 8000. And a good rule of thumb that works for now is if ETH/USD is making new lows before BTC/USD, then it is a real breakdown of the whole market. But if only BTC/USD is making new lows and ETH/USD is holding well then it is probably a a fake breakdown of BTC/USD.
So following this logic, now we have BTC/USD just around the previous low of 7750 whereas ETH/USD is much higher than the previous low and not collapsing. My guess is that BTC/USD is making short term double bottom and we are going to follow the green pathway with higher probability than the red pathway but in both cases I think we are headed towards 6000.
Because of this duality of the future movement right now, I think it is a good idea to place call and put options on binance jex so that you can capture both potential movementrs with high leverage
Me and my clients caught the crypto bubble, the marijuana bubble, and we are preparing for the bull market in the precious metals now.
If you are risk tolerant and want to potentially make fortunes, feel free to message me to get a free trial of my fund.
For the next two months, I will be posting free trading ideas in crypto, stocks and commodities .
There were many fake breakdowns of bitcoin before we fell to 8000. And a good rule of thumb that works for now is if ETH/USD is making new lows before BTC/USD, then it is a real breakdown of the whole market. But if only BTC/USD is making new lows and ETH/USD is holding well then it is probably a a fake breakdown of BTC/USD.
So following this logic, now we have BTC/USD just around the previous low of 7750 whereas ETH/USD is much higher than the previous low and not collapsing. My guess is that BTC/USD is making short term double bottom and we are going to follow the green pathway with higher probability than the red pathway but in both cases I think we are headed towards 6000.
Because of this duality of the future movement right now, I think it is a good idea to place call and put options on binance jex so that you can capture both potential movementrs with high leverage
Me and my clients caught the crypto bubble, the marijuana bubble, and we are preparing for the bull market in the precious metals now.
If you are risk tolerant and want to potentially make fortunes, feel free to message me to get a free trial of my fund.
For the next two months, I will be posting free trading ideas in crypto, stocks and commodities .
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