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#PROOF OF REGISTRATION Forum Username: Spone7 Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2740289Telegram Username: @suyashp Participated Campaigns: Telegram Facebook Article Video Translation Stellar (XLM) Wallet Address: GCPRFUX6EYAAYG5DSH77DWLZU7E2LAQF66MCTUOKD2A7GTXZNZ4F2MJA |
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As the trading is a mixture of strategy and psychology. And the market moves as big firms enters or exits. Every asset has it's own fair value. If the asset is overvalued it will fall and if it is undervalued it will rise. Right now probably the btc is at its overvalued zone. Some days ago btc was suffering to break 20k at that point it was undervalued. But it breaches and went to 40k. But currently traders find it overvalued. As we see the chart according to fib level btc is finding support around 33-35k level which is 38% retracement. So probability is it will fly high from this level. Or if not it will again find support at 30k which is 50% retracement. So let's hope for the best and the mainstream industries to join crypto market.
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This is a really tricky question. To me as the market is unstable I have cashout and will take a re-entrywhen the market will show a good signs like Good positive chart or some good news in mainstream market etc. Definitely looking for the charts to take entry into the market for short term trades but for the long term I think this is not the right time atlest below 24k.
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No definitely not. As the global is facing new strain everyone is panic and this is what happening in every market. And the psycology is the biggest thing than any technicals.
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No doubt there will be a profit booking aroun 21k or so. But yes it won't go below 20k as there are many mainstream giants entering into the crypto industry. ANd words about second question bitcoin will sit abov ath of 25k in 2021 for sure.
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This is a welcome news for the crypto industry. If the market giant like pizza hut has enter in the crypto industry it definitely will be the extra added boost to the solidity of bitcoin and cryptocurrency as whole. As the popularity of bitcoin is surging like a rocket governmet will put some kind of laws to take down the crypto industry under their belt.
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This is the utmost thing in the market to securely save your manometric phrases keystore files. This issue I also faced a long time ago. And after that I learnt many things like saving of all private key activation of 2fa etc. Because if you lost your important keys there is no way of getting it back
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As bitcoin price is sitting onto it's ath there are a chances of profit booking scenario. And if due to that panic comes it might results in volatility. So make close look in the market and trade with tight stop loss.
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Sadly the answer is yes. Because there are many fake projects which comes in block chain industry are making scams by getting users social media informations. And even the hackers who hacks twitter facebook Instagram accounts and demanding for btc etc. are really common in these days because the bitcoin is the backbone of the crypto industry the image of bitcoin is suffering in recent time but these incidences also made bitcoin a hot topic too.
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Looking at the volume chat I think there are more chances of touching $25k in Jan 21 are very high rather than by the end of this year.
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Really exxited to see the future moves of bitcoin after $20k. It will be more of a potential and future value of cryptocurrency. but one thing for sure it will definitely change the view of peoples who don't believe in the bitcoin
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#Proof of Authentication
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