This year has proven to be quite volatile as the pendulum swung from the period of absolute despair and disappointment until May 2019 to a period of euphoria and thoughts about the movement to $16000 - 20000.
All of the key moments of this year are marked on the chart:
Everything on the chart has almost moved to a single spot, the $8200-800 zone, marked by the green colour, is the spot where everything will be decided. Objectively, the location of the price in the green zone - definitely LONG, but Stop Loss will be placed too far away, somewhere in the area of 7500$.
For those, who are still thinking of entering the market, I think this is the time to do it. As for the others, I propose to not be dejected. Personally, I believe that we will not break through this zone and closer to the end of the year we will move higher and in 2020 we will have our smooth and natural growth.
All of the key moments of this year are marked on the chart:
- Fibonacci correction to the zone of 61 from $3100 to $13800.
- The trend line which we are trying to test from above.
- The downwards channel.
- The red zone of interest where people buy $BTC.
Everything on the chart has almost moved to a single spot, the $8200-800 zone, marked by the green colour, is the spot where everything will be decided. Objectively, the location of the price in the green zone - definitely LONG, but Stop Loss will be placed too far away, somewhere in the area of 7500$.
For those, who are still thinking of entering the market, I think this is the time to do it. As for the others, I propose to not be dejected. Personally, I believe that we will not break through this zone and closer to the end of the year we will move higher and in 2020 we will have our smooth and natural growth.
