In my opinion, it's an ideal time to buy Bitcoin (and alt coins) with leverage. Here's why:
1. Bitcoin has completed its nine count on the monthly chart
2. Market sentiment at rock bottom
3. Overly-confident bears have been shorting this market for 12 months
4. Elliot wave 4 has dropped by almost the same proportion as Elliot wave 2 correction
5. There is blood in the streets
6. Sentiment that Bitcoin is dead or that it is going to zero abounds
7. The majority is hoping for extreme unrealistic lows for Bitcoin
We may see a massive short squeeze.
1. Bitcoin has completed its nine count on the monthly chart
2. Market sentiment at rock bottom
3. Overly-confident bears have been shorting this market for 12 months
4. Elliot wave 4 has dropped by almost the same proportion as Elliot wave 2 correction
5. There is blood in the streets
6. Sentiment that Bitcoin is dead or that it is going to zero abounds
7. The majority is hoping for extreme unrealistic lows for Bitcoin
We may see a massive short squeeze.
Note
Note
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.
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.