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Dennis#MD

Bitcoin Price is rising fast

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Hello guys,

Bitcoin price rose sharply from $6,600 up to $9,290 today, May 7.Screen Shot 2020-05-07 at 12.36.01 PM.png

Screen Shot 2020-05-07 at 12.36.46 PM.png

Warm-up? History Shows Bitcoin May See Epic Rally After 150% Gain

https://cointelegraph.com/news/warm-up-history-shows-bitcoin-may-see-epic-rally-after-150-gain

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Seems significant volumes are needed in order to break the 10.000 resist.

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It is a fact that technical analysis and elliot wave theory do not apply in predicting Bitcoin's price. However, when we use technical indicators, supports and resistants that go back in time, 2013-2018, then you can have a very general idea of what is happening and you can conclude a price range where you expect price to move.

This is not good for those who practice day to day trading, but those who want to build a long term investment portfolio will find it very useful.

My 2c.

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This is quite logical, because this asset is absolutely independent and against the background of the current crisis it looks like the best option for saving your money. I think that we need to look at it now as carefully as possible, it can be useful. 

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Admin

New heights for Bitcoin

Screen Shot 2020-06-02 at 4.20.18 PM.png

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On 6/3/2020 at 7:24 PM, Bodas said:

This Concept is very i will follow It.

 

On 5/23/2020 at 4:56 PM, alex akpan said:

BTC is unpredictable

I like this concept i will follow this.

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On 5/23/2020 at 1:26 PM, alex akpan said:

BTC is unpredictable

Yes it is, and if not for the high spread, it would have been the perfect asset to scalp. This is due to his steady movement. It does not fluctuate like other pairs.

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Yes, the price of bitcoin is currently growing and further predicted even more, but I still do not risk investing a large amount in bitcoin.

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