BITTREX:BTCUSD   Bitcoin / U.S. Dollar
We have multiple indicators saying we are near a bottom.
  • 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 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=... which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.

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