$BTC.X BTFD3 - Entering Buyzone $6500-$6000
We see 
BTCUSD going into the buying zone.
There is a lot of over-selling right now much like the end of 2018. Wait for it to cool off (volatility to reduce) as panic sellers can drop the price further than you expect. You may not catch the perfect bottom by waiting a bit more but you will have more confidence that the bottom is in. We predictably see a large movement near the end of each month (white lines), this is that movement for December. As the famous expression goes "Buy when there's blood in the streets, even if the blood is your own."
Obligatory link to my low-key telegram channel: t.me/flourishingcapital
And of course you can join the waitlist for my trading bot with live trading performance data going back to 2018 at t.me/flourishingcryptobot?start=404755994
The bot is a constant work in progress and has gone through 763 versions so far. Through my close exchange relationships it has been granted access to utilize private exchange APIs only available to high frequency and high volume traders.
Thanks again and a word of advice, remember to always keep a level head and always have a plan for when things don't go your way.
BTCUSD going into the buying zone.- Miners now losing money
- Shorts see that there is a wall around $6000 in 2018 and are afraid to try to short into that area
- Bottom of the green buyzone coincides with bottom of the descending price channel
- For tax efficiency I believe investors will start buying before the end of this year
There is a lot of over-selling right now much like the end of 2018. Wait for it to cool off (volatility to reduce) as panic sellers can drop the price further than you expect. You may not catch the perfect bottom by waiting a bit more but you will have more confidence that the bottom is in. We predictably see a large movement near the end of each month (white lines), this is that movement for December. As the famous expression goes "Buy when there's blood in the streets, even if the blood is your own."
Obligatory link to my low-key telegram channel: t.me/flourishingcapital
And of course you can join the waitlist for my trading bot with live trading performance data going back to 2018 at t.me/flourishingcryptobot?start=404755994
The bot is a constant work in progress and has gone through 763 versions so far. Through my close exchange relationships it has been granted access to utilize private exchange APIs only available to high frequency and high volume traders.
Thanks again and a word of advice, remember to always keep a level head and always have a plan for when things don't go your way.
Join us at t.me/flourishingcapital
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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.
Join us at t.me/flourishingcapital
Related publications
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.