Trading Expert Proves Bitcoin Bulls Should Look at the Bigger Picture

Libra Coin News
Wed, 09/11/2019 - 06:09
Alex Dovbnya
Experienced Bitcoin traders have already learned that this time it won’t be different, and a lot of neophytes can miss the boat one more time
Cover image via

Long-term TA trader “Mr. Anderson” has taken to Twitter to share his take on Bitcoin’s latest bump in the road.

According to CoinMarketCap data, the price of the number one coin by market cap has fallen by more than two percent over the last 24 hours. BTC is holding on for dear life above the $10,000 level at press time.

Bitcoin Volatility Sinks to Its Four-Month Low. Analysts Claim It's Calm Before the Storm

However, Mr. Anderson doesn’t want Bitcoin traders to be distracted by this noise, so he presented his macro analysis that spans BTC’s price action since 2013. Even though there is a high probability that Bitcoin’s failure to print a daily close above $10,200 will lead to a market dump, he insists that there are “dynamic friends” who always put Bitcoin back on its feet right after each serious correction.

There is a decent probability that the scenario will play out this time around.

Image by @TrueCrypto28

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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