In the last weeks we have been in a major correction pattern. The ranges and swings have been huge and it has given uss many great oppertunities to ride the markets up and down. Now it looks like the swings are gettings tighter and smaller and we are near a huge Drop or a Breakout.
So what is going to happend and how can we take advantage of the market?
As a Swing / Short term trader we are looking to take advange of thease 10-50% market swings, but we dont want to hold to many coins if market goes drops, cause then we are stuck in a negative position for a long time.
If we can identify ranges its a very good oppertunity to Buy low Sell high.
Until now the major coins have almost moved in tandum meaning if mother Bitcoin is going up all other coins will follow.
I think this is still true for a fiew more weeks until mid July. At August 1st mother Bitcoin is having a major upgrade and many people are scared of how it is going to end up. Therefore we will see much money seeking saftey into other Coins
and eaven Fiat currencies.
So be prepared, there is some huge swings a head of uss!
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I'm looking for bitcoin to be sub $2000 sometime in July. Probably more like sub $1500 actually.
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