pennygene

We earn while you wait. When to buy Bitcoin?

Long
pennygene Updated   
BITSTAMP:BTCUSD   Bitcoin
If you didn't buy bitcoin when we wrote about it yesterday, the riskiest remaining option is to buy it now. But you should understand that a small drawdown is still possible. We bought it at the opening of the week.

The most correct option would be buying on the breaking ATH ($57,500). In case of a good volume, you can open a safe Long position on the breach of the level of $57,5k. We are also likely to open new positions here.

I think Bitcoin has one last strong move left for us, and we should not expect a retest. If it goes as we plan, we will see new ATH again and close another 200% in profit. At the same time, Bitcoin may not grow by 200%. But in any case, the bull market is about to end, let's wait and enjoy the last big profit.
Trade active:
the idea is still relevant.
Most likely entering a new long position after the ATH update will be your last good opportunity to buy bitcoin during this bull market.
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.