Seem like the candle for weekly time frame will be formed as bearish sign, also as we can see in daily time frame candle has formed a double top which is a bearish sign as well, so what do you think?

Of course, bitcoin has its own to move. We don't even know what will happen next, it could be fall or increase and seem like the chance are equal. I just want to know the purpose you ask this question? It is because you have collected bitcoin and still hold until now or you have intention to buy bitcoin at the current price?

Yeah we have achieved something that we wanted before, instutional and an adoption for bitcoin that has made its price bounce 2x from its previous all time high.

But, we are human. We will always not be satisfied with the achievements that have been made, we will make a new hope for the price of bitcoin going forward.

Even, some people there have made that the current price is still low for bitcoin. They believe, bitcoin still have a chance to reach $100.000 at this year, It is very interesting to see where a coin that is widely considered a scam but is now triumphant to beat any investment.

Ripple is centralized coin, so many people should avoid this coin.

Also if you are someone who is fanatical about a system, that crypto currency must be decntralized system, but if not, you have the right to choose both.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

Let see what will happen, I will not say that your target is really high because future market will still give you a profit when bitcoin/altcoin price fall. So, there will be a chance for you to reach your target.

Future market is really suitable for professional trader I guess, it is not suitable for those who just new to trade even for those who still learning how technical analyst is, they will fall if they force themselve to keep trade on future market.

I feel it until now, I just new to trade ans still learn how technical analyst is, until I can buy trading book one per week but it doesn't work. I haven't found a trading system that work for me, I just open the bool again if there is simmiliarity movement on the chart and it is really bad.

At least your family are supporting you to choose bitcoin as your investment place, that will be a plus value to you. Comparing to me even many people out there who just afraid and prohibit their family to not choose bitcoin as an investment place.

As for your decision, indeed it is a good way to just believe to your strategy. They will not know how feel when there are investing in bitcoin, you will feel by yourself how bitcoin price increase all the time and how your psychology to face many situation. But I just suggesting you to be carefull, sometime you have to change your target price when something bad happen.

There is a possibility, bitcoin price up drastically will be accompanied with fall drastically too. Because many investor eithere instutional inveator or retail investor will have the same thing (a fear factor) so as they will sell immediately when bitcoin price continue to fall. This is what make bitcoin price fall to $3500 three years ago.

As for what make a different with the previous bull run, bitcoin was made by most people as an investment place. Yeah, we can differentiate with what has happened before, there were a few people who believe that bitcoin is the safe place for investing but now it has been changing. Also, passed the previous all time high will be made as a reason that bitcoin will back to the all time when its price touch a low price.

That is true, losing money in a second and gaining money in a second if you use a big leverage. Especially for newbies, they have 99% to lose their money and 1% to gain profit. Although, you have profited but that is just for a while before you lose your money, it is just a way you got tempted to trade every time you can. The best way is just trading spot, don't even try to trade in the future market as long as you are not a professional in the trading world and it need a long time at least three year.

Last week I transfered bitcoin to my own wallet its arround $50, but did you know how much fee that I must pay? It is arround $15, that is really annoying. The fees per transaction is really high enough and it will continue as long as bitcoin price increase. Yeah, maybe when bitcoin price touch $100.000 the fees per transaction will be $100, it is not worth for those who just have small money and he want to buy bitcoin for investing.

Who knows?

How do you think?

The real question is, are you able to hold ETH until the price hits $100.000? There will be many possibilities where the price crypto currency especially ETH increase a lot and dump a lot. Like now, ETH price touch above $1000 because the current situation push all crypto currencies price up drastically. But you have to remember that all crypto currency price have fallen drastically.

Indeed, the best way to be a long term hodler is using hardware wallet as a place to store your bitcoin. At least you will not be tempted and didn't have an easy way to sell bitcoin when its price just increase in the short term. It will be different when you use exchange wallet to store your bitcoin then you just have a little change to keep hold your bitcoin for long term hodler. You will be tempted when bitcoin price increase and really to sell it.

But indeed, you have to spend more money to buy hardware wallet. And you have to really be able to keep everything about your prikey. I heard a story a few days ago when someone had 7002 bitcoin in a hardware wallet and he had been holding it since 2010 but now he forgets about prikey to access his wallet. You can imagine how you feel when you forget the prikey and you have a lot of bitcoin in your wallet, it's quite depressing.

Both of strategy have an advantage and disadvantage, so you have to match depend on your style. As an example trading, when you choose trading as your strategy be sure that you are the person who can be able to make an analyst in a short period of time, like per days or per three day in a week. Because you have to make many entries to get profit, like day trader in one day you will make at least two entries.

The profit that you get is depend on your psychology, if you have a good psychology then you will get the maximum profit. But, when you choose as an investor, be sure you have a good analyst. Because your analyst will be run for long time. There will be many situation when the price crash after increase a lot and it will make you doubt between sell and keep hold. The investor will just focus on the long term pariod, no matter what will happen in the short term they should ignoring it.

The best suggestion is believing to your strategy, you have to make your own analyst and you have to make all decision base on your strategy. By doing that you will never find a situation where you just regretted what has done by you, you will never regret that your strategy is going wrong and make you lose even a lot of money.

My strategy for this situation is buying the dip and sell when its price closely touch the previous high price. And when the price passed the previous high I will buy more and set the target price using fibbonaci expansion. Indeed, buying bitcoin at the current price is worried enough, you will never know that the price could fall sharply like has happened two days ago. But, it was just happen for a while and bitcoin increase will touch the previous high price.

Yeah it will be difficult especially for most investor out there who buy bitcoin when its price touched $30.000. They will assume that bull run for bitcoin is over and seem like for those who familiar with future market they will put short entry.

But for day trader or swing trader, they will buy the dip especially they will buy when bitcoin touch $30.000 and most of them still hold until know. They will be expected that bitcoin will be formed ABCD pattern, yeah the key is bitcoin must pass the $42000 barrier first to form the ABCD pattern, let see what will happen.

Have you try it?

I guess you will sell your bitcoin when its price increase 5x when you bought it. As an example, you buy bitcoin at the current price than I'll bet you sell it when its price touch $100.000 because you will a profit that you got and you are tempted to sell it.

I don't it need ten years from now for bitcoin increase to high price like $100.000 or $200.000. Looking at the current price movement it is really possible to achieve it for just one year and below. As you can see now, after bitcoin price pass $20.000 its price just increase and increase. It just need less one month to reach $40.000.

I can't imagine to face the situation, have two chance left to open the hardware wallet. If you success to open the wallet than you will be rich yeah 7.002 bitcoin it is a huge amount now, but if you fail to open the hardware wallet than you will be stressed.

This is why, I always write manually all the prikey when I create new wallet. Even, when I use google authenticator I alwasy write manually the code that can access later when I log in using the new smartphone. I will never underestimate that, it's a must that everyone should do.

What time frame do you use for day trading? I think it is just depend on the time frame. If you worried enough to buy bitcoin at the high price than you should try to use low time frame like 15 minutes or minutes, and don't forget to put stop loss area that you can afford to lose. By using a low time frame at least you will always see bitcoin price movement, you will know the sign that the bull run market is end and you can sell bitcoin immediately.

Indeed, the current bitcoin price is really suitable for short term trading. I think most people out there will use bitcoin as a short term trade, they will be afraid about previously bitcoin met a huge crash after increase to $20.000. This situation will always be a shadow for every investor.

At what price did you buy bitcoin? I guess you are in lose situation now, right? How you feel? Have you ever thought to sell it back?

Those questions will describe your decision. If you answer that you will sell it back than you were wrong to bought bitcoin in all time high price. But, if you still confident and you have no doubt to still hold it than you are trully long term hodler. You will get a lot of profit if you are patient to wait the price that you wanted can be achieved.

In any investment place there will not be assurance for your money, seriously. If the investment place that you bought experience a decreasing price a lot than you will lose your money and otherwise you will get a lot of money when the investment place that you bought is increasing.

Bitcoin is an investment place like the other. Depend on your strategy and your knowledge to make your money safe and lose. So please, when you start investing in bitcoin be sure you already know the ins and out of it, don't blame bitcoin when you experience a loss, just blame yourself when something bad happen.

Yes there is a sign, you can see the weekly time frame the previous candle has been closed by the red candle (this week candle). Although the current candle is still run for 4 days left I don't think it can be closed in the green candle, other than that I see in the fundamental factor some countries started giving a vaccine for their people. Which can make their economy run normally, at least there is no worry to stop their activities. A good information from all countries in this world will make bitcoin fall because some investors will take the money and save in their bank account again.