BitcoinLong
$BTC BTFD part 2
We have multiple indicators saying we are near a bottom.
The odds are in your favor if you buy anywhere around this price area. I believe if it dumps further, it won't go very far.
What could theoretically dumpBTCUSD further after such a large existing bear run?
Always remember, your fear is a buying indicator and your greed is a selling indicator. Keep your mind in check.
As always, join me in my low-key, no-spam telegram channel at https://t.me/flourishingcapital or head over to join the waitlist for my magnum opus, the Flourish Crypto Bot at https://t.me/flourishingcryptobot?start=404755994 which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.
- Twitter BTC mentions at all time low
- 382 Fib retracement for the whole year
- Price is around the break even level for miners
- Price is very close (within 10%) of an ideal short target based on the entirety of 2018 price action
- Longs/shorts are at all time high
- Altcoin market cap is also rekt
The odds are in your favor if you buy anywhere around this price area. I believe if it dumps further, it won't go very far.
What could theoretically dump
BTCUSD further after such a large existing bear run?- A conventional stock market
SPX dump could trigger a BTC dump. This could be triggered by the USA/China trade deal failing. - A large exchange hack
- Lack of interest causes volume/price to die a slow death
Always remember, your fear is a buying indicator and your greed is a selling indicator. Keep your mind in check.
As always, join me in my low-key, no-spam telegram channel at https://t.me/flourishingcapital or head over to join the waitlist for my magnum opus, the Flourish Crypto Bot at https://t.me/flourishingcryptobot?start=404755994 which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.
Join us at t.me/flourishingcapital
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join us at t.me/flourishingcapital
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.