Hey Traders! It’s time to stop trying to predict the future price of BITCOIN and other CRYPTOCURRENCIES by using indicators like: Moving averages, Bollinger bands, Rsi, Fibonacci levels, Trend lines and many other Indicators.

Do you know why those who predicted that the price of BITCOIN was going to a $100,000 from the All Time Low price of $68,976 failed?  

They said the next leg of BITCOIN price was going to a $100,000 and their predictions failed because BITCOIN price is not a respecter of Trend lines, Moving averages, Rsi, Fibonacci levels and other indicators.

Want to know what BITCOIN price respects?

Rate of Supply or Demand!

For example; let’s say you have the capital to place a Buy order for 21Million pieces of BITCOIN right now, you will see that the price of BITCOIN will start pumping up because you suddenly increased the Demand for BITCOIN.

But if you do not have the Financial Power to control the Rate of Supply or Demand for BITCOIN and other CRYPTOCURRENCIES, your experience of using indicators to predict the future price of BITCOIN and other CRYPTOCURRENCIES will fail you a thousand times. Mark my words.

So what should we do traders?

Stop predicting and start working with the most current price of BITCOIN!

For example; if the BITCOIN price bounces up by 5% from its most recent low price, go hunting for LONG trading opportunities in the CRYPTOCURRENCY Markets.

But if the BITCOIN Market price dumps by 5% from its most recent high price, go hunting for SHORT trading opportunities in the CRYPTOCURRENCY Markets.

So traders! Stop trying to predict the future price of BITCOIN or any other CRYPTOCURRENCY for that matter because you don’t have the financial power to control the Rate of Supply or Demand for that particular CRYPTOCURRENCY.

Leave your comments below right now, thanks.