According to the trending trading strategy tools and charts, the ADX is just above 20 opposed to 39.3 just last week at the time of writing. When the ADX is rising, the current trend is getting stronger. The opposite is also true when the ADX is falling, the current trend is weakening. Meaning, the negative trends of last week’s predictions have turned around and are now pointing Bitcoin in a positive direction. The most profitable trading decisions are not acts based on emotion but are thoughtful decisions made from objective signals in the market.
Not only do the charts foreshadow things may be turning in a more positive direction, but financial experts, developers, and celebrities in the crypto-community have had hope for the future for Bitcoin since the beginning of summer. Could these experts be right?
Fundstrat Global Advisors has predicted that Bitcoin will be valued at $64,000 by the end of 2019. Fundstrat’s Tom Lee is a bit more conservative, though he has doubled down in predicting that Bitcoin will reach $25,000 by 2019. While the short-term trend trading momentum continues to shift between bulls and bears, experts remain confident in Bitcoin’s long-term future.
Listening to experts is never a proper way to investment (by itself), however. It is a start, but the best investments are made from diligent research and trade strategies completed by the individual investor. The current trend trading strategies tools are starting to show hope for a rise in Bitcoin price value $6610.55 +0.17%. The most recent drop in value was due to FUD that Binance will most certainly correct and overcompensate for, and Coinbase (one of the top exchange platforms in the world) will be expanding to institutional money for the first time. The giants in the financial world are about to enter the market.
And what better coin to buy first than Bitcoin?
The market cap just one week ago was 105.5 Billion, this week it is $114,360,247,885. The Bitcoin network is currently growing, its technology is constantly improving, and one of the most popular US exchanges is allowing institutional money to have easy entrance to the crypto-world for the first time. How this will affect the value of Bitcoin…
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