RATE Group | Bitcoin Is About To Move–But In Which Direction?
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Bitcoin Is About To Move–But In Which Direction?

Bitcoin Is About To Move–But In Which Direction?

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Market timing is the most difficult thing of all. It’s the very skill that you need to have to make a fortune in the markets and funnily enough it is technically impossible to have.

This is by way of apology for the market timing prediction I’m about to make.

[Ed note: Investing in crypto coins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin is about to move and move definitively. Guessing the direction is another challenge but timing is more important than direction.

That might not sound intuitive, but if you know something is going to reprice imminently, then when it begins to do that, you can jump on the direction, knowing the direction of travel will be significant. Make or break times in markets do arrive and bitcoin is at such juncture.

Here is the chart:

The direction of travel in the Bitcoin/U.S. dollar chartCredit: ADVFN

No chart…

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