TradeSicario

Why I think Bitcoin will go up ???

Long
BNC:BLX   Bitcoin Liquid Index
Why I think Bitcoin will go up.

1. At the moment we have similar situation like in JAN 2015 - We drop hard and everyone is scare to go lower (most of the people sell low because of fear of loose everything)

2. The time frame after this ATL of 2015 fits the potential breakout in 2019 (273 days) and looks like there are red line resistance around the end of this period.

3. If you look at the RSI we are oversold (28) like in 2015.

* I remember those time in 2015 when I was full of fear and willingness to sell assets and thanks god I did not do that.
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.