We have multiple indicators saying we are near a bottom.
The odds are in your favor if you buy anywhere around this price area. I believe if it dumps further, it won't go very far.
What could theoretically dump
BTCUSD
further after such a large existing bear run?
Always remember, your fear is a buying indicator and your greed is a selling indicator. Keep your mind in check.
As always, join me in my low-key, no-spam telegram channel at https://t.me/flourishingcapital or head over to join the waitlist for my magnum opus, the Flourish Crypto Bot at https://t.me/flourishingcryptobot?start=404755994 which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.
- Twitter BTC mentions at all time low
- 382 Fib retracement for the whole year
- Price is around the break even level for miners
- Price is very close (within 10%) of an ideal short target based on the entirety of 2018 price action
- Longs/shorts are at all time high
- Altcoin market cap is also rekt
The odds are in your favor if you buy anywhere around this price area. I believe if it dumps further, it won't go very far.
What could theoretically dump
BTCUSD
further after such a large existing bear run? - A conventional stock market
SPX
dump could trigger a BTC dump. This could be triggered by the USA/China trade deal failing.
- A large exchange hack
- Lack of interest causes volume/price to die a slow death
Always remember, your fear is a buying indicator and your greed is a selling indicator. Keep your mind in check.
As always, join me in my low-key, no-spam telegram channel at https://t.me/flourishingcapital or head over to join the waitlist for my magnum opus, the Flourish Crypto Bot at https://t.me/flourishingcryptobot?start=404755994 which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.
Join us at t.me/flourishingcapital
