Hey boys and girls. Another commercial (Don't worry this one's short) before we get into more trading strategies. Today I spent quite a bit of time analyzing the Bitcoin market, reading the headlines that happened in the past few days, and watched some podcasts that explained the whole scenario that has been happening. So here's my take, and my theory on what is going to happen next. The NEXT 48 HOURS CAN DETERMINE THE TREND OF THE CRYPTOVERSE!!!
Based on my analysis, Bitcoin has reached as low as around 30,000$ in the past few days. That's HALF of its All-Time-High!!! But right now, as I was making this post, it went back up to 37,000$. Some of you would think, the bear run is over! poocoins TO THE MOON!! 😅 Well to me, it doesn't look like it just yet. Why is that? If you use the Exponential Moving Average indicator at a 21-day period, the candlestick for BTC is still lying under the line which indicates the momentum is still on a downtrend. The week is going to end in about 2 days, which means within the next few hours until Sunday 23:59H whatever pattern that candlestick is going to close, will indicate what our following week is going to be. If it closes below the 21-Day EMA period we can expect the next week is still going to be on a down trend. But if it closes above the line with a green candle, then expect that we can soon look on a bounce, not so much as a flight to the moon, but more like a jump on a trampoline. Recovery is going to be slow, but very steady, somewhat like preparing our flight to the moon. So mark your charts with the EMA 21-day period and watch closely in the charts in the next few hours!
I am not a financial advisor, all of my content is only for reference, for ideas, and does not qualify for any investment or financial advice. Everything is based through my own experience. And always remember that trading comes with risks, so before investing in anything consider your risk appetite, do your due diligence, and make sure your analyses are accurate.
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My hot trades:
I am currently looking in buying into a few alt-coins. These are:
PUFFYDOG token
ySHIBA token
Check these out and buy into the token along with me! Good luck and enjoy!