Saturday 14 March 2020

Bticoin Crash Big Channel Review

Is bitcoin digital gold? Well 2020 will tell us if this is true. Should you double up?
image1

First you must congratulate bitcoin (and litecoin) for how liquid it is, well done!

So what happens next.

Do you invest for the sci fi world coming on the back of new fancy tech which will use just in time internet money any where in the world ? Will you trust banks once the great crash of 2020 is over? Will governments despite for economic activity remove taxation burdens to allow tax free transactions.

Who knows! This blog is bullish, but it will take time, so monies invested now may take 3 to 5 years to grow.

What we do know is Bitcoin has a trending relationship with the green channel in the chart below, and so far it is holding. So keep your powder dry in the next few weeks to ensure it does hold, and watch late into 2020 when prices should advance into 2021.

Big Channel review.


BTC1




Close up look.


BTC2



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