Bitcoin - Long term outlook
For position traders, not much has changed. Bitcoin is still moving up the green trend line, and it is right now at a great place to buy (but buy only 40% to 50%) we are eyeballing the bottom "X" which is the same as the 200MA as a possible final bottom. Since we don't know if BTC will be pushed that low we are better off buying now and if BTC goes up we can buy some more on the pullback. Something worth noting is that where the Greenline meets the fuchsia line could indicate a possible change in direction for now.
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