Greetings all.
Usually i do not write much but for the current situation i decided to be
a bit more concreate and analytical.
Three reason I am bullish :
Before to explain the reason I wanna say this...
Guys do not make the mistake they make 90% of investors...
What's this mistake?
Do not watch your chart like you watch it when you trade...
When you have huge correction, like we have now, just
LOG -LOG - LOG - LOG - LOG - LOG your chart!!!
In the opposite case, because you will watch wrong picture, 99% you will sell off and
for sure under panic.
The three reason I continue to be bullish , are visible only if you LOG your chart...
Logging the chart here are the three reason :
1) MACROTREND FROM CORONA VIRUS DUMP, is yet valid, alive with support at $29800
(area where it stops the last big dump).
2) 0.618 FIBONACCI GOLDEN POCKET SUPPORT AREA . This support starts from 25000 - 30000
The reason that makes the macrotrend more powerful and not easy to break more downside.
3) 50 EMA is the clear support of 30000. 50 EMA is the reason why 30k is keeping.
RESUME:
Bitcoin is bullish , bitcoin is in bull cycle (not same like previous cycles) and it will remains bullish
until the price is above 25000.
I will not surprise if we see another strong shake out until 20000 with huge wink back up above 25000.
I am not selling and I'm trying to buy more each opportunity.
I am more than sure that this correction is for the favor of institutions.
I am more than sure that in this correction your coins are going to be HODL from institutions.
I am more than sure that in unexpected time, we can see pump more than 15k - 20k in a day....
and....
I am more than sure that all those are selling now, they will not be able to get back.
KEEP HODLING no with Diamonds Hands but With Iron Hands!
GL
Usually i do not write much but for the current situation i decided to be
a bit more concreate and analytical.
Three reason I am bullish :
Before to explain the reason I wanna say this...
Guys do not make the mistake they make 90% of investors...
What's this mistake?
Do not watch your chart like you watch it when you trade...
When you have huge correction, like we have now, just
LOG -LOG - LOG - LOG - LOG - LOG your chart!!!
In the opposite case, because you will watch wrong picture, 99% you will sell off and
for sure under panic.
The three reason I continue to be bullish , are visible only if you LOG your chart...
Logging the chart here are the three reason :
1) MACROTREND FROM CORONA VIRUS DUMP, is yet valid, alive with support at $29800
(area where it stops the last big dump).
2) 0.618 FIBONACCI GOLDEN POCKET SUPPORT AREA . This support starts from 25000 - 30000
The reason that makes the macrotrend more powerful and not easy to break more downside.
3) 50 EMA is the clear support of 30000. 50 EMA is the reason why 30k is keeping.
RESUME:
Bitcoin is bullish , bitcoin is in bull cycle (not same like previous cycles) and it will remains bullish
until the price is above 25000.
I will not surprise if we see another strong shake out until 20000 with huge wink back up above 25000.
I am not selling and I'm trying to buy more each opportunity.
I am more than sure that this correction is for the favor of institutions.
I am more than sure that in this correction your coins are going to be HODL from institutions.
I am more than sure that in unexpected time, we can see pump more than 15k - 20k in a day....
and....
I am more than sure that all those are selling now, they will not be able to get back.
KEEP HODLING no with Diamonds Hands but With Iron Hands!
GL
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.