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28 Dec 2020 22:14:01 UTC
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“If you can't explain it to a six year old, you don't understand it yourself.”
-Albert Einstein-
“If you can't explain it to a six year old, you don't understand it yourself.” -Albert Einstein-BTC/USD 1. We are witnessing a historic moment for Bitcoin as it keeps breaking new ATH without any kind of significant correction. I wonder how much can it sustain this rally before a deep correction takes place. 2. Expecting a big move once again towards 30k$ if it can consolidate and accumulate selling liquidity for a few days. 3. MACD and RSI continue to drop fast while price remains relatively stable, this can signal an upcoming upwards move so keep an eye for a move the next few days. 4. As always thank you for your support and if anyone has any opinion or critique about my point of view I would enjoy reading your comments and beginning a conversation with the comunnity. **Remember**, **nobody can predict the price of cryptocurrencies** accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for. Chad trader from ClearThoughtCrypto
“If you can't explain it to a six year old, you don't understand it yourself.” -Albert Einstein-BTC/USD 1. Bitcoin reached 28k$ and started a consolidation pattern which can be a signal of a potential continuation towards 30k$ before a correction. 2. I have drawn the two possible moves Bitcoin could make in the coming days, one of them(yellow) more optimistic due to the fact Bitcoin has been having huge moves to the upside with little to no corrections, where as the other showcases a possible correction towards 22k/20k$. 3. MACD and RSI have reached an overbought area which my signal an exhaustion in price discovery and can potentially mean a correction is about to occur. Will keep an eye for a potential buy opportunity if price decides to fall. 4. As always thank you for your support and if anyone has any opinion or critique about my point of view I would enjoy reading your comments and beginning a conversation with the comunnity. **Remember**, **nobody can predict the price of cryptocurrencies** accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for. Chad trader from ClearThoughtCrypto