Firstly, I will like to congratulate all of us that started last year and today according to my country calendar we are in new year in health and prosperity. I wish all of us traders well.
From all indications the cryptocurrencies market and bitcoin in particular has not seen to be in the bottom yet and the bears are more ready to pull down the price further. We don't even know accurately were the bottom is and according to some speculators bitcoin might go below $3000 before we can see good recovery.
My question is this: were did you think Bitcoin's price will be at this time next year and What are your thoughts and technical reasons why bitcoin will not go beyond $3000? Your views will be appreciated. Thank.
My views for this year is to lay low untill the markets gets better. But I guess you can still trade sometime and find a good trade from the market with this kind of situation.
Yes we can still trade base on our own studies about every coin. I'm having a hard time to use TA in the past months since the market continues to go down but hopefully we can witnessed a great run this year. For now, I need to see the market to show some growth on its price before I make studies on it again. Always be ready for the possible outcome of this market, lower your expectation, set your target price not too much and enjoy waiting.
