The main question right now, when to sell Bitcoin to not lose a profit we made.
Hello I trust you're progressing nicely and glad new year to you much obliged for being here I need to wish you and your companions and your family all the absolute best for 2021 a solid upbeat and prosperous year ahead we trust for you
Look this is it's been a month and a half since the last video and a ton has changed bitcoin has multiplied we're well en route to that prosperous 2021 that we've been taking a gander at now for over a long time since the last video well the main video was delivered back in December of 2018 when it just looked so awful for bitcoin. After over a time of a bear market an 85 percent decrease there were many individuals that had quite recently essentially abandoned this had lost a ton of cash also, the initial long term cycle video was about resurrection was about raising and emerging from the cinders and the recurrent idea of these cycles is basically that from a mid-year to a colder time of year also, back to a mid-year through the spring and the fall seasons everything as you know has its stages and at that point in 2018 December the primary video was all about simply featuring the way that consistently we were at a base or very closer base and that was the ideal opportunity for activity in the event that you had still had confidence in bitcoin and trusted in its future and its probability. Were the place where it stood gave you a stunning or a stunning chance or potential if you exploited and for those that did whether it was at that point or then again before long or even significantly in the course of the most recent couple of months you're still sitting in an incredibly decent position clearly furthermore. The entire objective of this video arrangement was less to state that you know purchase bitcoin now and hold it later on it was about the stuff to have the option to traverse that cycle to recognize where we are in the cycle where what the potential is for bitcoin later on also, what that may mean for you and a portion of the difficulties that you will face getting to that point and getting to where we are today to have the option to in the end understand that opportunity that bitcoin is giving us and here we are today barely short of 40 000 sooner than what I had anticipated in past models that I've appeared and they've quite recently been guides.
How long we suppose to wait more for a clear an uptrend of XRP price?
We see that we have some clearing sky in a XRP BTC pair price range. There are indicators that show us that there is a high possibility that right now is a good entry point for a spot trading.
Spot trading means, we do not use leverage, so leverage traders have to wait confirmation.
In video I have mentioned where we should go and how it should look to try search entry point for a leverage XRP BTC trade position.
There is a high probability that Bitcoin is starting a new bull run.
So this is my second video of 2020, and believe it or not, I was not planning to make a video tonight because as I'm making this video right now, it is a 10 47 a GMT UK time. So I wasn't planning to make a video at this time of the night. The reason I'm making this video right now, it's because there's something very interesting I'm seeing on the charts here of Bitcoin before I tell you about something important that could happen here on Bitcoin, potentially the next few days, maybe the next few weeks as well. Let me just draw your attention to this chart first. This is the chart of Bitcoin last year and at the beginning of 2019 now, here's the, here's why I'm looking at this chart right now. You see guys at the end of 2018, and the start of 2019 fascinating pattern emerged on Bitcoin, which I think is repeating right now on the chart of Bitcoin.
Bitcoin HODL' ing strategies change when Bitcoin is down more than 50 percent
I'm going to very quickly look at a daily chart. None of you should be focused on the daily chart. I just want to illustrate here that ever since we topped here in June at around about the just shy of the $14,000 range, we have been in a significant downtrend of more than 50% at this point from a shorter term cycle perspective. What is very clear here is that we have a series of lower highs that are emotion and for the most part lower lows. That is a classic cycle downtrend. That's the definition of a downtrend. And for that reason in the short term, the um, the bias here is to the downside adventurously or at some point I firmly and strongly believe that this downtrend will end, will come to its conclusion. I thought it was going to come to a conclusion here in October.
When will Bitcoin hit 14 thousand dollars for 1 Bitcoin
Clearly. Now I'm going to rehash some old ground for many of you. So please bear with me. I hopefully you want to hear some of this again. But if you do recall the first video came out in December, right before the final decline. Um, the coal there was that we are now, we were heading into the very final stages of a four year cycle. Um, and the decline in Bamaga here from the 2017 top was coming to an end that we were in the final capitulation level and the call essentially was that yes, we may not be at the absolute lows in December, but we're getting very close and from a price perspective, I think the price at the time was 3,700 from a price perspective. There really wasn't any, any reason at that point to try and get a lower price. The goal there was to get your position before the market turned and got away from you quickly.
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