ralfkdean
- Fibonacci possible BITCOIN target
- #OPINIONLEADER# BITCOIN $77,400 target?. It takes a brave man to predict where BTC is headed other than up. I've traded FX since 2005 and I'm on safe ground because I have history on my side. My charts go back to before I started trading and this means I can look at history. There is no history looking at a BTC/USD chart and as a result I don't trade BTC. This is not the only reason. The volatility of BTC make it a dangerous (and expensive) pair to trade. Wide spreads of $80!!! You're down $80 the minute you hit the BUY or SELL button. My advice would always be stick to FX if you are a trader. However - that's if you are trading. If you have cash sat about doing nothing then buying BTC makes sense. When ex Goldman Sachs fund managers are predicting that BTC will hit $1m per coin in less than 5 years you need to listen. "The price of bitcoin could hit $1 million in five years, up from about $11,000 now, thanks to an "enormous wall of money," a former Goldman Sachs hedge-fund chief said in a recent interview". "Raoul Pal, who has allocated more than 50% of his capital to bitcoin, said a wave of institutional funds would adopt the digital currency as they realize the economy will take a long time to recover from the COVID-19 pandemic". This interview was in October of 2020 so if , as the article states Raoul Pal put half his capital into BTC when it was $11,000 then he's 5x wealthier just 6 months later. Although BTC has no history its still possible to predict where the price might be headed in the mid term. If BTC/USD is behaving to Fibonacci principles then its possible a full chart extension of the Fibonacci could take the price to $77,420. There is no doubt that this the golden age for financial investment. Take the opportunities presented by cryptocurrency investment. Check out my website for advice on my cryptocurrency recommendations.
- DamasFX :I can not open your website!!! Maybe there is some problem
- Sharon Morrison :wow!!
How do you trade the Foreign Exchange markets?
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EUR/JPY poised for a break out.....................but which way?
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Setting up MT4 part 3 - all the other indicators I use
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