Quote from: Nisharawal on March 29, 2018, 09:52:11 AM

Quote from: Gatorelf on March 26, 2018, 10:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Yes, of course there is really a tough and increasing competition among the bitcoin and other altcoins.Even we expected the downtrend to end and thought that the uptrend will start soon but it never happened and I think it will not happen for now. And right now I think there are high chances to touch the $5000 price level soon and if you follow my advice if you are holding bitcoin then better sell your position and then buy again if the trend gets started again and it is better to search for some other crypto coin for our trading and investment purposes.

I like your answer, and i agree with you because in this high competition world the bitcoin journey is really going to tough as you said. We need to learn technical analysis first and then we will try to find the end and start of the correction by which i can easily find out whats going wrong with bitcoin and other cryptocurrencies. I also think that here there is lack of fundamentals by which we cannot examine the fundamental factors as we used to trade during the stocks and forex currencies. Kindly help me in learning the technical analysis, i have sent a msg, check your inbox pls.