I know, I know. "Speculative" is bad... So bad. Speculative is the worst. Nonetheless if you're thinking about investing in bitcoin, dash, ether or whatever, please take into account that if you keep on buying and selling at the right moments, at the end of the year you would have made 20, 30 or even 40% more money than you would have by just having let the cryptocurrency alone.
I mean; right now when it comes to cryptocurrencies in general is that simple. Take bitcoin for example: the only thing you need to do is to buy as much bitcoin as you possibly can and then come back at the end of... october, lets say, and cash in the earnings. Or even better, you could come back in three years, and if there's still a world to live in you will encounter a bitcoin with a value of maybe around the 30000 thousand dollars (being conservatives). And that is quite a valid option, but in this space what I'm aiming at is to really put the money to work. Selling and buying at the market making the most profit out of the coin´s value movement.
Follow me throughout market analysis regarding bitcoin, dash and ethereum. I'll provide you with monthly, weekly, daily, and even intraday (if it's an interesting day) analysis so you can make the most out of your money.
We will begin with the king of cryptocurrencies. That's right: bitcoin
Now, I won´t bother (for the time being) in weekly and monthly timeframes. You just have to look at them and then buy. That's all. It will most probably go up and you'll suffer some serious backlashes along the way, but quite frankly there's no advice I could give you regarding those timeframes. There is not enough information yet. The coin is too young to even begin to make an analysis. But in the daily, 4hs and 1hr timeframes some very interesting thing are happening right now.
Bitcoin has gained a lot of popularity since 2008 and there's is a lot of people using it but when you compare it to the eur, or the chf, or even the nzd, the bitcoin impulse waves and corrections are simple and clear.
For instance, right now a 5th of a 5th elliot wave have concluded in the 4hr timeframe, and almost every point could be predicted. that is because there isn't that much caos (buyers and sellers fighting) in the bitcoin realm yet.
So, if you're reading this at this very moment (june 13, 2017 at 3 am London time) there are a few key points you have to pay attention to: The most riskier of all is 2723.612 (add it a few pips to place your buy stop). If bitcoin surpasses this point, there is a, lets say, 60-65% chances it will keep on with its upward trend. But if it decides to keep with its correction (downwards) it will more than likely test again the 23% correction level at 2580, and if it gets even more hungry for volume it will most likely try to get to the 50% level correction at 2242. Now, remember, we are living through a bitcoin buy fever. That is without a spec of a doubt the reason why the correction waves are simple and brief, the testing of those fibonacci values could happen in the blink of an eye. So keep vigilant, my friends! See you next time