BitcoinShort
Cryptocurrency - Bitcoin - Bearish!
First & Foremost don't take anything i say as financial advice as i am not a financial advisor.
Bitcoin has rallied and overextended and this is common in the month of November all the way through mid December. I see us dropping soon, waiting further updates on the stimulus promised. Joe Biden is elected so i see price pumping a little before a dump. President Biden is looking to increase the Stimulus amount which will be a short term bullishness for bitcoin.
Long Term - From 2020 - Early 2021 - Bearish (People will take profit soon and wait for a retrace)
Short Term - Bullishness for this year (Waiting Updates On The Stimulus Package)
Long Term - From Mid 2021+ - Bullish (Don't get me wrong i'm not bearish overall on bitcoin, i believe it'll surpass previous ATH as more adoption continues)
Look at the bright side... You'll make a lot more trading alts as Alts will go ballistic this year. For example... YFI went from 9K to 15K in a few days.
Have Fun & Enjoy!
If you think anything different.. feel free to comment or PM me.
Bitcoin has rallied and overextended and this is common in the month of November all the way through mid December. I see us dropping soon, waiting further updates on the stimulus promised. Joe Biden is elected so i see price pumping a little before a dump. President Biden is looking to increase the Stimulus amount which will be a short term bullishness for bitcoin.
Long Term - From 2020 - Early 2021 - Bearish (People will take profit soon and wait for a retrace)
Short Term - Bullishness for this year (Waiting Updates On The Stimulus Package)
Long Term - From Mid 2021+ - Bullish (Don't get me wrong i'm not bearish overall on bitcoin, i believe it'll surpass previous ATH as more adoption continues)
Look at the bright side... You'll make a lot more trading alts as Alts will go ballistic this year. For example... YFI went from 9K to 15K in a few days.
Have Fun & Enjoy!
If you think anything different.. feel free to comment or PM me.
Disclaimer
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