The specialist in graphic analysis, Fausto Botelho, has been working in the field since 1977. But since 2017 he started to dedicate himself mainly to active crypto.
In his periodic technical analysis, Faust had planned to explain why he bought cryptocurrencies on June 8th. Before that, he took advantage and showed the whole Bitcoin (BTC) history line.
Fausto said that, in technical analysis, for an asset to reverse its trend, a climax is needed. According to him, that’s what happened this week.
During his analysis, he explained that one of the great characteristics of the trade is flexibility. “What kills people is not having ‘play of hip’. If you are a trader, you have to dance to the music”, he said referring to the different scenarios with high and low movements.
For Botelho, the idea is to always try to increase the amount of satoshis you have. He explained the reason: “I have a dream in my life, which is to be able to earn enough satoshis to be able to bequeath to my grandson and my granddaughter, a bitcoin for each. And I need to work hard to get there [sorri]”
“The idea is to always increase the amount of satoshii, that’s why we trade”, adds Botelho.
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