Mihai_Iacob

Bitcoin- New leg up- probable, FOMO- not advisable

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom.
Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far.
Nevertheless, in short term, I'm strongly bullish and I expect a new leg up.
Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k.
However, from a speculator's point of view, a buy here is not making sense from a risk perspective
In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k

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