BTC - Daily Trend Bearish - Buying Opportunity to $6k Possible
Daily trend on BTC is bearish.
Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart.
RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO.
Halving is 5 months away. Based on previous patterns, we should see price increase into halving.
Green box on chart is Buy Zone.
I would consider buying all weakness down into $6k if you are holding into 2021.
You should see greater than 2x easily by holding for only 2 years (this is very conservative estimate).
News-
Co-integration of S2F model and bitcoin price now being taught by hedge funds twitter.com/100trill.../1203403201913008128
BayernLB Presentation in Denmark (I believe Denmark) twitter.com/MarkVale.../1204854454312415232
If they are teaching about stock to flow at the financial institutions, and publicly bashing BTC in the media, that should confirm they are IN ON IT.
Banks are learning about BTC for investment while giving false negative impressions.
Outter Space BTC Chart
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart.
RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO.
Halving is 5 months away. Based on previous patterns, we should see price increase into halving.
Green box on chart is Buy Zone.
I would consider buying all weakness down into $6k if you are holding into 2021.
You should see greater than 2x easily by holding for only 2 years (this is very conservative estimate).
News-
Co-integration of S2F model and bitcoin price now being taught by hedge funds twitter.com/100trill.../1203403201913008128
BayernLB Presentation in Denmark (I believe Denmark) twitter.com/MarkVale.../1204854454312415232
If they are teaching about stock to flow at the financial institutions, and publicly bashing BTC in the media, that should confirm they are IN ON IT.
Banks are learning about BTC for investment while giving false negative impressions.
Outter Space BTC Chart
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC