How to HOLD Bitcoin in 2020, and what targets we could hit this year? How to earn life-changing profits from Bitcoin HODL and how do not chase price movement in a drastic volatile BTC market.
It's good to be back. It's been a been a month since the last video, actually just slightly over one month and not a whole lot to talk about in terms of price changes since that last video. But I think, um, this is a prudent time to talk about the outlook for 2020. What lies ahead. Some of the possibilities. Also take a quick look back at where we've come from. Take a review so to speak of the um, you know, the path so far that Bitcoin's taken in 2019. How that relates to the initial, uh, kind of idea that I presented with the four year cycle back, um, about a year ago now. In fact on YouTube. And I want to cover that and also cover some member questions that pop up. In particular. We have three or four questions that seem to come up more frequently than everything else and those are on the agenda here. Most importantly, the idea that, um, uh, we've got these cycle set up potentially getting longer. I want to talk about the myth of of lengthening cycles and then talk about a little bit about buying coins and why I think that's a bad idea going forward. Talk very briefly about the stock to flow ratio. Talk about the Bitcoin having then some closing points that I want to cover. So it's going to be a pretty jam packed video. Don't know how long ago for a bare with me and I'm glad you're here. Let's go.
Okay. As always, just want to quickly mention that I'm not a registered broker or advisor. This is not financial advice. What I tried to do is just give you some insight into my thinking and my process, how I'm approaching this asset class, how I'm approaching this market. Um, there's a good chance that I will be wrong. That's just the nature of trading and investing and speculating as well. So you need to be mindful of that. There is not one person on this planet that knows what's going to happen, let alone in crypto or anything else. We try and use the information ahead to provide us with an edge and we try and mitigate any risk around that. And that's kind of what I'm trying to do here. And I try and point out, um, a champion in all aspects of investing and trading and how I approach this market.
When to short stock market and when to buy Bitcoin
In this particular video, we're going to talk about an important signal, potentially important cell signal that could get triggered on the stock market very soon, if not potentially today or tomorrow from really from about here.
So I've been short in the stock market really from this region. As you can see here currently sitting in about a 2,600 pounds profit. Just let me know, I only risked about 300 pounds when I began the straight, so that's a better risk reward if nine to one which is not bad at all. And by the way, in our member videos, I've been calling for a stock market drop. Really from about here. Again from this stock market was about here, I've been warning about a potential drop in the stock market. So we've been ready for this for some time. The bottom line is that now we've had this drop.
What to do if you miss a cheap Bitcoin on a 4000 k range?
If you have missed a cheap Bitcoin buying point, you have only two options. These two ways mentioned in the video. Will we see a cheap Bitcoin again this year? Maybe, there is a chance.
Next question I want to address that I receive often is I haven't fully allocated, or I don't have any yet, and the market's gone much higher than I thought it would get too. I'm waiting for pool back, but should I buy now? And you know this question gets old, but I want to answer it because it's a legitimate question that people have and my answer has always been throughout this process that now is the time to get your position. But with the caveat that if you get in now that you will be okay with or prepared for a retracement of 30 to even 40% in this market. And in one of the previous videos, I showed that during the last bull market, we had frequent and consistent 30 to 40% retracements in the market. But if you want to wait for a 30 or 40% retracement, this market, you may not get that.
If BTC bottomed on 3k, we would go to 30 k
In this video, we're going to try our best to answer a very important question, which many of you have been asking. And the question is, if bitcoin has bottomed, then what is the most likely scenario for bitcoin? In other words, if bitcoin has bottomed, what could potentially happen next? What is the most likely scenario next for bitcoin? Now, before I asked her this question, I'm sure there's some people watching this video right now and saying to themselves, well, isn't it obvious what could potentially happen next on bitcoin is going to go to 100,000 bro, it's obvious. Okay, putting that aside, I think if you like me are more logically and analytically minded and if you prefer logic, reason, evidence and methodology as opposed to hype, uh, then this is a video for you because I'm going to try my best explained to you what could potentially happen next if bitcoin has likely bottomed.
How is it possible that FOMO will skyrocket Bitcoin to next price level and when will it retrace to shake all FOMO buyers? Bitcoin leg up is already intact so follow it
In this video in just a few moments, I'm going to show you a very important chart, a bit chronic, potentially blow your mind. It's very interesting. I'm going to show you that in just a few moments and explain to you what it means. Uh, before I do that though, I just want to make sure I clarify two very important points. The first thing I want to mention is this, that despite this massive parabolic rise in the price of Bitcoin, I want to make sure it's clear to everyone that I did not expect this massive move. I certainly did not expect such a parabolic rise in the price of Bitcoin so quickly. You serious? Yes, seriously. So what I'm trying to do is just put my cards on the table and be completely honest with you guys. I was not expecting such a massive parabolic rise in the price of bitcoins so quickly.
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- Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk