It’s time for another analysis!
This time it’s a special day – I’m going to do an analysis on Bitcoin!
I don’t trade Bitcoin, so I never bothered with it even as it rose to the high of $7000+.Though there is a bit of regret not buying some bitcoin many years ago when it was still at a beginning stage because it was really difficult to purchase one.
Though there is a bit of regret not buying some bitcoin many years ago when it was still at a beginning stage because it was really difficult to purchase one in Singapore.
Anyway, just a peek and I saw a reversal sign on the chart.
Now it’s has been trading very aggressively in this year which seems that everyone is getting into this investment (or scam).
Just a simple trend line showing that it’s currently testing the line after being resisted near the $8000 mark.
Analysis say it will go up to $10,000 by Christmas (which I personally say it’s just a scam ploy to get people sucked in).
At this point of writing, it’s still trading so let’s see if it breaks and all hell gets loose.
Till next trade, good luck!