drum12

BTC Weekly

drum12 Updated   
BITFINEX:BTCUSD   Bitcoin
The TK crossed bearish which is a bad sign and last time this happened we had a bear market that lasted until ~2015/16. The thing is, I don't think there are any fundamental analysis that justify this long term bear trend. Btc will go down to the 5k level but this bear trend won't last as long as last time.

IMO good time to buy when btc goes to 5k.
Comment:
And By 5k I mean that first support zone

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.