E55
Long

BITCOIN - I BECAME A PERMA BULL AND THIS IS WHY!?!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hey guys E55 here,

It has been 6 months since I published an analysis on Tradingview. How many times have I been insulted because of my predictions? What do they have to say now? Either they became bearish , lost their money or left the market. Or maybe a mix of everything?

Anyway, let's come to the Bitcoin analysis. All of my altcoin targets have been reached as you may have noticed. On the way down you could take a lot of money, which I also did of course. I mean there was a reason why I only posted bearish charts while everyone else was bullish . Now we come to another time. Many people have become bearish by now. Anyone who said in January that the price would never go under $10,000, is waiting for $2,000/1,000 or is out of the market. Meanwhile, you get insults when you say the price could double in a short time. Exactly mirrored as a few months ago. That's one of the reasons I got bullish . I do not want to say that the price can not drop any further. But you have to think, the price is so far down. You will not get that chance often. The times where everyone was perma bull are over. The times where you get insulted for a bearish prediction are over. The days when everybody said that they would sell their house under $10,000/6,000 for more Bitcoins are over. In conclusion, I would like to say that I bought again. Should we continue to drop to even $1,000 then I will buy even more. Under $4,000, I'm a perma buyer.

That is the fundamental view. From a technical point of view, a buy is also very good. The price rebounded on the MA200 on weekly and it looks like we've formed a bull flag . A breakout of the flag would be a very good sign. It would be even better if we had a lot of volume during the breakout. If we go down, I'll just buy more. So easy. You can not go wrong with such low prices.

I wish you a nice day and thank you for your support.

For those who do not know me, here again a few bitcoin and altcoin trades, which I had already shown you at my last idea:

















Comment: Forgot to mention that the blue quotes show that people are very bearish. You can almost call it greedy to get a lower Bitcoin price. Reminds me very strongly of the time in December/January. The only difference to earlier: this time it's the other way.

That is also one of the reasons why I have become bullish.
Long-term I'm very bullish too. But waiting for a more certain market action can minimize losses.
+1 Reply
My zoomed out long term approach. Would love your thoughts being you've been away for 6 months

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thank you so much
+1 Reply
E55 SamTaheri
@SamTaheri, you are welcome :)
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Good long term outlook. I'm also a buyer under $4000, does it matter if it goes down to $2500, not really, cause I will still have some cash laying in wait. It's good to see you are back with some signals and ideas, most the so called traders on here are full of opinions and no charts to even try to learn how to trade. I am usually pretty quiet on here, but I agree totally with this idea!
+1 Reply
E55 Tiger_Style
@Tiger_Style, We are now entering a phase where people speculate on lower prices. Even though they are bullish long term. That phase is called greed!
+1 Reply
Welcome back and Congratulations
+1 Reply
E55 Laranja1
@Laranja1, Thanks you very much :)
+1 Reply
Thanks for posting again. I remember your BTC-NASDAQ charts from early last year. I thought it was a good comparison and it helped me out.
+2 Reply
E55 revilo78
@revilo78, Glad to hear that. Thanks for the comment!
+1 Reply
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