BITCOIN...THE TIME IS COMING (BUY OPPORTUNITY) Hello TradingView community JosePips here with another breakdown for you guys! OK so I don't usually go into breakdowns on crypto with the public but wanted to share this because I truly see an opportunity to not only potentially trade BTC but also opportunity for longer term investments...so here we go!!
OK so first things first. Bitcoin pretty much speaks for itself as the giant of crypto. Recently surpassing SILVER in market cap...which is WILD. SO this asset has deemed itself worthy of investment and at least something to strongly consider adding to your portfolio if you are the more "aggressive" type. OK so now that we addressed that let's do a breakdown of what I am seeing technically here. I will give a numbered list so you can easily follow along
1. Bitcoin is down 30% from all time highs (DISCOUNT MODE)
2. Bitcoin is sitting at very significant recent demand (buyer zones)
3. Bitcoin has Fibonacci alignment/confluence
4. Daily/Weekly oversold conditions
OK so wanted to keep this post very simple. Want to just share some insight I potentially see taking place with this crypto and really the market in general. With the US (United States) now working to be the crypto capital of the world I think it gives a great fundamental preset to look for longer term holds for this crypto. Add that with the fact that technically & psychologically it is at a great level...I think we may have some opportunity here!
So hope you guys enjoyed this breakdown! Please boost this post and comment and follow my page for more accurate analysis and potential setups! Until next time...Cheers!