Log Scale Long Look at BTC with Fib and Sine.

BTC has a fairly short history but in this short time, it has established a bottom trend/marker line that has been tested numerous times. It's exponential base can be counted on for a floor but one never really knows when it will touch next. Well we just touched it again. There's a classic move in crypto and even traditional investing in super bearish times, where buyers have been waiting and waiting for cheap prices and when it is finally here they think it looks "dumpy". History shows the best and most successful investors wait until there is nearly no hope left to buy, the more blood and the worse it looks, the better. Of course this only works if the fundamentals are good. BTC is not a stock, not tied to quarterly profits, not at risk of filing for bankruptcy or being caught for selling bad loans. BTC store of value and it's the same as it was at 19k but with less FOMO and enthusiasm. 1 big push upward and everyone will remember the BTC Black Friday they missed out on because "It looked dumpy" Just food for thought when reading "Bitcoin is Dead"!!!
#BTC #BITCOIN

This is my opinion so please do your own research with an open mind. Please feel free to discuss so everyone can learn. Thank you!

Comment:

Clawing it's way back up. Taking everything it can but it would be great to close above that red line and just what we need to confirm. If it just bounced off that line we would be in for a longer ride up IMO