Current thoughts on Bitcoin.
The catalyst for the turn around of the 2014 bear market happened exactly 1 year before the halving. The next bitcoin halving is ~May 2020.
We have followed a nearly identical fractal as the last bear market. I predict that
BTC won't stay below 3000 for very long and won't go above 6000 until Q4 2019.
The best strategy in the current market conditions is to remain flat, and set bids below 3000 and hope to catch a wick. I think there will be very few tradeable setups in the first 3 quarters of this year.
I'll be making trades based on higher timeframes and will buy when there is a strong bullish divergence on the weekly RSI.
We have followed a nearly identical fractal as the last bear market. I predict that
BTC won't stay below 3000 for very long and won't go above 6000 until Q4 2019. The best strategy in the current market conditions is to remain flat, and set bids below 3000 and hope to catch a wick. I think there will be very few tradeable setups in the first 3 quarters of this year.
I'll be making trades based on higher timeframes and will buy when there is a strong bullish divergence on the weekly RSI.
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