Hi guys!
I traded BTC quite a long time and found the following trend: changes in the BTC exchange rate are often continued by the waves. Usually, there are three waves with attenuation (the first is the most powerful, the second is smaller and the third is the residual, when the exhausted market is trying to move in the same direction, but there is not enough strength to break through). The more timeframe, the more clearly this tendency becomes noticeable.
At the time of writing the post for the pair BTC / USD can observe the completion of the next cycle and fall of the angle of incidence, which may well indicate a future trend change (the timeframe in the figure is 12h):
What are your opinions on this matter? What prospects do you see? How will this affect the whole of the crypto currency market?
You can see that the market is fluctuating continuously and extremely mixed in the past few days, bitcoin prices are constantly flowing and there are no signs of slowing down. Bitcoin prices are currently at $ 6600 and are still on the sharp decline. I think you should not trade at this time because the risk is very high. According to my analysis, the price of bitcoin will continue to fall sharply this year and will probably reach the $ 1000 mark then the market will go flat for many years.I traded BTC quite a long time and found the following trend: changes in the BTC exchange rate are often continued by the waves. Usually, there are three waves with attenuation (the first is the most powerful, the second is smaller and the third is the residual, when the exhausted market is trying to move in the same direction, but there is not enough strength to break through). The more timeframe, the more clearly this tendency becomes noticeable.
At the time of writing the post for the pair BTC / USD can observe the completion of the next cycle and fall of the angle of incidence, which may well indicate a future trend change (the timeframe in the figure is 12h):
What are your opinions on this matter? What prospects do you see? How will this affect the whole of the crypto currency market?