There are a couple of areas which looks very good for a long, I know a lot of people are looking for a higher low. I will take those same longs because it's good risk reward. at 3.3k, 3k 2.7k 2.5k. 2k. 1k. It's all good
But shorting still more profitable and lesser risk as you are bound to always have the price come back to you.
In reality, I think this is going much lower than what we have seen. The chart still looks parabolic. Bitcoin has no real reason why it would not follow the technicals. Since bitcoin is in reality just air you are buying. That somehow has a value on the screen. Unlike companies that produce products.
Before we see a return to ATH, I will trust the technical aspect of the monthly and weekly chart and say that bitcoin is likely to go lower than what it currently is.
Lets see what happens, will it go back to 6k before we see a lower low? Lets find out in 2019!
I wanted to make this chart as I want to be able to hit the play button in 2years from now and see how it all played out.
But shorting still more profitable and lesser risk as you are bound to always have the price come back to you.
In reality, I think this is going much lower than what we have seen. The chart still looks parabolic. Bitcoin has no real reason why it would not follow the technicals. Since bitcoin is in reality just air you are buying. That somehow has a value on the screen. Unlike companies that produce products.
Before we see a return to ATH, I will trust the technical aspect of the monthly and weekly chart and say that bitcoin is likely to go lower than what it currently is.
Lets see what happens, will it go back to 6k before we see a lower low? Lets find out in 2019!
I wanted to make this chart as I want to be able to hit the play button in 2years from now and see how it all played out.