BTC Above The Era of “Believe” – $30,000 Imminent

Price-Action analyst | 

THE BITCOIN MARKET CYCLE
THE BITCOIN MARKET CYCLE

WE JUST CROSSED BELIEF ERAExpect the media to wake up soon 

💭As it turns out when we compare the market cycle to our present day chart, we find out we have passed the:

😱The Panic Phase

😡The Anger Phase

🤮The Capitulation Era

😔The Depression Era

😅 And now we find the market between the era of restored hope and high optimism only this time we on a larger scale and at a higher stands.

📆 2020 doesn’t look so different from 2017 but this time its only a pity that before the mass FOMO will begin bitcoin might already have surpassed its previous ATH of $20,000/BTC

🌙 And if 2020 remains anything like 2017 then we may likely see $30,000/BTC between Dec 2020 – Feb 2021. 

The moon perhaps might only be our starting point.

✊🏽HODL ₿ITCOIN ✊🏽

🟢 Trend Resistance R1: $30,000
🟠 Trend Support S1:  $14,000
❇️ Key Resistance R1: $20,000
🔴 Key Support S1:  $13,000
⬆️ Trend Indication: Bullish

Disclaimer

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. NiclaxFX (NFX), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

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Nicholas Ilechie

Nicholas Ilechie

Nicholas llechie is an entrepreneur, investor, trader, author and financial market analyst with over 7-years of experience in trading the financial markets, he started his trading career with binary options in the year 2013 and by 2015 he indulged into forex trading by 2017 made his first crypto investments and ever since has been actively involved in both crypto and forex related activities.

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Price action is a concept of trading heard by many yet understood by few, in a nutshell price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Mastering the art of price acton trading does not only make you a better trader but gives you a great edge over other traders and enables you trade on nearly all financial market including, stocks, crypto and futures.

NFX Market Analysis Premium: Daily Forex and Crypto Analysis

Price action is a concept of trading heard by many yet understood by few, in a nutshell price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Mastering the art of price acton trading does not only make you a better trader but gives you a great edge over other traders and enables you trade on nearly all financial market including, stocks, crypto and futures.