As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.
No one knows yet this market had been unpredictable since from the start.We dont know if it will break out resistance or would dump again.
We cant directly pinpoint nor conclude on how things should go.Momentum can either go turn upside down on least expected.
For now the most important thing to be done is to know or utilize on making profits or money.Traders should be wise on dealing with
volatile prices.
Traders are the ones who are filling their bags with profit only due to these volatile markets. The quick price pump and dump is making us gain immense profits even in a bearish trend. Resistance has been crossed several times and even the price got back to the support level which is making it more difficult to predict the bitcoin markets.
For me, I find benefits from mid range or short range trading which does not make me bother about the future price but yes, I am the one who closely monitors the graph at least for bitcoins so any such huge pump or dump can be predicted few hours before it happens so it makes me find profits by quickly buying and selling.