Re: Bitcoin 2017 - 2020. Better price not yet to come. Be careful
Above all analyses or theories, please remember bitcoin price is on its yearly upwards trend. It is enough if you ignore all ups and downs of bitcoin in last more than 10 years.
Fact sheet for bitcoin price (daily low, high, close price over years)
Fact sheet for bitcoin price (daily low, high, close price over years)
What people are missing out on this is the simple fact that 2020 has been higher than any other year on average, obviously other years may have some higher numbers for example 2017 having $20k but we are talking about a whole year average price and 2020 has been the best year ever for that.
It is the best if you look at it neutrally or look at it as a person stays outside the market. If you have been in the market this year, you can get huge profits or huge loss and no one has same profit/loss in the market.I remember the crypto market in 2017, and then I lost more than I earned due to my inexperience, but today I have already known what to do.
True that. In bull market, you can get profit very easily but the hard part is how to keep such profit in your balance.Leverage is not easy and I always telling to a lot of people because there are times that they are doing over leverage and they will regret it whenever they lose it, the price of the bitcoin is becoming and it is true that the history can repeat itself.
Nothing is wrong with leverage if you know what you are doing, where to entry and where (at price) your orders will be liquidated with the leverages you use for your orders.Quote
The current movement of the bitcoin is telling that the price will go into some consolidation first before it pierced the ATH.
Consolidation means corrections then stable price band for a while.We can't rely on the technical analyst only, you should be better to look with the another side especially fundamental analyst.
You need fundamental analysis and on-chain analysis. Technical analysis is useless due to manipulations but discover manipulations is a beauty of investment and tradings.Quote
Also, based on the chart at 2017 ago we didn't have a history chart to make a decision when should we buy and sell. But now, we can see the previous histroy to make a decision
It is not as simply as that. History can be repeated or not and whales can set up traps for you if you blindly look at history and believe it will be repeated.