BTC is in the Buy Zone (current price down to $6800).
I do not think we see the Nov.25 low of $6500 again.
RSI is currently below 40. RSI was recently as low as 22.
If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish.
Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate.
This would imply a mass exodus of BTC during high economic uncertainty, right before halving.
Sounds like fud to me.
I am watching the price and 10WeekMA wanting to come together like magnets.
When that happens - we are on!
Until then - by incrementally into the weakness until we see a flip bullish in the weekly. Then pour gas on the fire.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
BTC Outter Space view - Says by 1/1/2020 we don't EVER go below $6 again. EVER. If we do, we violate 10 year resistance and stock to flow.
I do not think we see the Nov.25 low of $6500 again.
RSI is currently below 40. RSI was recently as low as 22.
If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish.
Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate.
This would imply a mass exodus of BTC during high economic uncertainty, right before halving.
Sounds like fud to me.
I am watching the price and 10WeekMA wanting to come together like magnets.
When that happens - we are on!
Until then - by incrementally into the weakness until we see a flip bullish in the weekly. Then pour gas on the fire.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
BTC Outter Space view - Says by 1/1/2020 we don't EVER go below $6 again. EVER. If we do, we violate 10 year resistance and stock to flow.
