Part 5 Price predictions and investment strategies
- 4 years ago
Part 5 - Price predictions and investment strategies
Bitcoin has had many BOOM and BUST cycles
Be cautious of financial mainstream media and any “expert” claiming to know where the price of Bitcoin is going next
No price chart indicator or fancy trading tool can predict the future with 100% accuracy
You can increase your chances of making a profitable investment if you understand the 5 different phases of a bitcoin cycle.
1) Accumulation 2) Healthy trend 3)Unsustainable parabolic move 4)Fast pullback 5)High volatility
Buy when markets are panicking and sell when they’re FOMOing
Have an exit plan so you don't get caught in emotion
Stick to your plan and play the long game
Bitcoin has had many BOOM and BUST cycles
Be cautious of financial mainstream media and any “expert” claiming to know where the price of Bitcoin is going next
No price chart indicator or fancy trading tool can predict the future with 100% accuracy
You can increase your chances of making a profitable investment if you understand the 5 different phases of a bitcoin cycle.
1) Accumulation 2) Healthy trend 3)Unsustainable parabolic move 4)Fast pullback 5)High volatility
Buy when markets are panicking and sell when they’re FOMOing
Have an exit plan so you don't get caught in emotion
Stick to your plan and play the long game