KatlehoMaleka

Bitcoin. Buy opportunity.

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I never thought I would have a buy setup on bitcoin , been bearish since we were at 16K. But, feelings aside, I think the selling has subsided, at least for a while. We got a Double Bottom here, and the second bottom is little higher than the first, that often signals that the bulls are eager to takeover and I do see them taking over, at least up until 11K.

Comments

If the price were to reach 11K would not this bear market be over? (Aside from the normal pull backs and retraces)
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KatlehoMaleka BitcoinBearSlayer
@BitcoinBearSlayer, That's a good question. And if price is to reach that 11K, it has to break the two previous highs, so technically it would mean the bear market or rather, the downtrend is over.
+1 Reply
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