No, I'm not a permabear!!
BULLISH thought + Opportunity to load up on cheap Bitcoin before annother massive bullrun.
Looking back at price action in September of each year, there have been 2 years that Price > Daily 20 > Daily 50 on Sep 1 ... 2017 and 2020
During those years, during the month of September, Bitcoin fell to retest the Daily 200 MA, then went on to skyrocket 550% within the next ~100 days
If the same happens this year, we'll retest the Daily 200 MA at 42K and then enter a bubble that would reach $275K within ~100 days
BULLISH thought + Opportunity to load up on cheap Bitcoin before annother massive bullrun.
Looking back at price action in September of each year, there have been 2 years that Price > Daily 20 > Daily 50 on Sep 1 ... 2017 and 2020
During those years, during the month of September, Bitcoin fell to retest the Daily 200 MA, then went on to skyrocket 550% within the next ~100 days
If the same happens this year, we'll retest the Daily 200 MA at 42K and then enter a bubble that would reach $275K within ~100 days
Note
The 20% drop yesterday shows that we may soon see a much bigger drop. BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
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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.