BTCUSD is moving in a descending trendline. We are slowing down here but I can see one more dip down for capitulation to around $27,700. This is where I will be looking to buy other Alts at SPOT. I won't be buying on Margin until I know I know this bear trend is over. I won't be trying to catch the bottom.

The new cycles are starting to ramp up with the bearish sentiment at these lows. While the exact opposite was happening at the top. This really makes me bullish at these levels. Everything is negative and this is the time where I have made most of my money. When I was scared and taking a step back and thinking rationally.

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.