Has BTC really hit bottom? A call for 8.5k still to come.
Updated
Fuck it, I've failed my past 2 price predictions - so why not gamble a third time ? We are all speculators here, no one REALLY knows what happening.
My thoughts, BTC has not tested the 200ma in a long time, I think it would be best that we do this now before our ascent to 40k or 100k.
Check the green circles for the trendline, and see that the 200ema will possibly meet trendlines and some strong supports around the 8.5k range.
I am not convinved we've reached bottom yet, as BTC has a strong history of dipping strongly, and reversing an equal amount the very next day. Look at the previous market dips, strong candle down, strong candle up. We have not seen that yet, which means a LOT of strong and interested buyers have not yet come into BTC.
I give this about a week to play out, with some possible for swing and daytrading the action until then.
Cheers!
make sure you always HODL a good part of your portfolio long-term, and don't day trade with everything, you will get burned.
My thoughts, BTC has not tested the 200ma in a long time, I think it would be best that we do this now before our ascent to 40k or 100k.
Check the green circles for the trendline, and see that the 200ema will possibly meet trendlines and some strong supports around the 8.5k range.
I am not convinved we've reached bottom yet, as BTC has a strong history of dipping strongly, and reversing an equal amount the very next day. Look at the previous market dips, strong candle down, strong candle up. We have not seen that yet, which means a LOT of strong and interested buyers have not yet come into BTC.
I give this about a week to play out, with some possible for swing and daytrading the action until then.
Cheers!
make sure you always HODL a good part of your portfolio long-term, and don't day trade with everything, you will get burned.
Comment
still aiming for the 200 ema, though it is taking alittle longer than I expected.Think we will hit about 9k bottom depending on the exchange.
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