How to Make Your Bitcoin Price Tips Work for You
If you are interested in the predictions of the future then listen up. I am going to give you some very important information that will increase the value of your investment in the future. I am going to call it a Top 3 Reasons Why You Should Invest In The bitcoin. There is a lot of talk about the price and the value but not much about the three reasons I am about to tell you. Consider this in 2021.
I use to be very bullish on bitcoins value until I read an article by Jason Steele called "The Anatomy of a Bubble" in which he discusses the theory of supply and demand. After I read that I started losing my enthusiasm for the value. A few weeks later I was confronted with the reality that the value would fall to nothing because there were no more miners. After that I lost interest in all things related to bitcoins. It has taken some time to really absorb what has happened but I am back on track now.
The first reason is the simple reality that most bitcoin price predictions are never right and never underestimate the intelligence of the human species. In the long run the economy of the United States is based on consumer spending. Without consumers the economy as a whole grinds to a halt. It is as simple as that. Therefore, when people start talking about predictions for the future of the value of the dollar they are generally very bullish because they are basically saying that the United States will remain the strongest currency in the world for years to come.
The second reason is that most predictions are not based on any technical analysis. When I do the price analyses on any currency pair it is based on patterns and trends. You can go on my website and find a series of charts and other indicators that show price and volume trends over a given time frame.
Third reason is that most folks like to discuss price action because they can tell when somebody has over bet or too much confidence in their strategy. There are a lot of technical indicators out there for price action which shows just this. One thing to keep in mind though is that you must have a plan with how you are going to execute your trades and make them in a timely manner.
The only problem is that executing your plan properly is very difficult with the current level of confusion regarding predicting the future price of anything. You can learn more about using indicators like Stochastics, MACD, candlestick charts, etc to help you in that area if you are interested. Until then, just continue to follow the price action because price will eventually take care of itself and deliver you a lucrative buy signal when the price is at or near all applicable support and resistance levels.