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=404755994 which has been live trading my own money as well as other investors since 2017. Historical performance data available upon request.