TheStockMarketSniper

BTC Trading in channel, The sky isnt falling!

Long
BITTREX:BTCUSD   Bitcoin
BTCUSD The sky isn't falling, the bears are not winning, the halving was not a nail in a coffin. BTC is doing just fine. This is the full picture and BTC is trading in a channel and respecting the channel extremely well. we are bouncing off the bottom of the channel today and will likely go sideways with some chop between 9500-9000 over the next few days (as of 5/21/2020). Not only is bitcoin trading within the channel it is also trading with above average relative volume! I believe someone once called that "accumulation". Any buys under 9500 are considered "dip buys" so don't be shy and pile in, at 11,500 or 12,500 by mid summer your 9500 entry will look relatively cheap in comparison. Right now at the bottom of channel is a horrible time to try and scalp and get a better reentry, that was back at 10k or 9800... you are in the buy zone now.

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