If Billionaires accumulate Bitcoin and go long at $400 and hold!

BITSTAMP:BTCUSD   Bitcoin / Dollar
Risk/Reward ratio if you buy at $400 and have a stop loss at $378 and if you have a long-term target of $1150 is 29x

P.S. My new Gann fan is scary because it is so accurate as you can see here:
Short-term buying opportunity above 400 US Dollar

These kinds of setups are the reason some people here manage to not make any money on dead-simple trends like this recent drop :p

Yet agreed on the interim bottom, would make sure to take profits on strong fibo resistances though. Looking at various volume indicators you cannot spot any mid- to long-term divergences at this bottom, $266 is inevitable if you want the big risk-managing money to hop on the crypto train again.
+1 Reply
ChartArt HerSerenity
My charts are not investment advice, only ideas to consider :)

I agree that I need to see a strong demand here. But this bounce around 380-390 is so far stronger than the last smaller ones since we dropped below $450. I also agree that something like $266 can happen as I show here:

The Bitcoin Economy Is Collapsing With No Sign of Recovery
There's a decent chance that early institutional investors in BABA will be liquidating on the secondary market after their 30+% take on BABA and put it right back in BTC. Which would be nice.
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