- 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 COINBASE:BTCUSD further after such a large existing bear run?
- A conventional stock market TVC: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 /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.
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