Post
Topic
Board Speculation
Re: Let's analyse Bitcoin's recent market rise
by
LUCKMCFLY
on 27/02/2019, 06:43:46 UTC
I see the increase of bitcoin from the point of view as a speculator, I will not analyze it as an enthusiast, nor as an investor.
I think the increase was to test the supply levels between 4100USD and 4300USD, they made a strong movement, with a large volume, which indicated that there was offer, many operators came in because they thought it was a key point to keep going up. . .and they simply fell into the trap, sold Bitcoin, took advantage of the Stop Loss to buy cheaper than it is now at the current price. And what can happen? We just have to wait for days and we can realize the direction Bitcoin takes and the market in general.