Bitcoin: BTC On The Verge Of A Big Breakout? (December 2019)
- 4 years ago
Bitcoin: BTC On The Verge Of A Big Breakout? (December 2019)
Most new traders often assume that we cannot time the market. That might be true to some extent but it can be quite misleading. Professional traders have been timing the market for years to ascertain when would be a good time to enter or exit a trade. While it may not work all the time, it does provide traders useful insights as to what to expect next. In the case of Bitcoin (BTC), we can see how the fib time tool on the 4H chart for BTC/USD tells us that a breakout is around the corner. Even if we remove the trend lines that make up the symmetrical triangle, we can see that the fib time lines are quite effective at telling us when to expect that next big move.
Most new traders often assume that we cannot time the market. That might be true to some extent but it can be quite misleading. Professional traders have been timing the market for years to ascertain when would be a good time to enter or exit a trade. While it may not work all the time, it does provide traders useful insights as to what to expect next. In the case of Bitcoin (BTC), we can see how the fib time tool on the 4H chart for BTC/USD tells us that a breakout is around the corner. Even if we remove the trend lines that make up the symmetrical triangle, we can see that the fib time lines are quite effective at telling us when to expect that next big move.