Real simple.
In a bull run, it's a good buy below the 50ma.
Sometimes, it dips to the 100ma where it becomes a really good buy. That would be another 10% dip from here.
Buy some now, buy the rest later, or whatever. It really doesn't matter much in the big picture.
Any skeptics of bitcoin or gold don't understand that there is $13T of negative yielding bonds out there, and that is set to increase. Just a matter of time before confidence in fiat collapses.
In a bull run, it's a good buy below the 50ma.
Sometimes, it dips to the 100ma where it becomes a really good buy. That would be another 10% dip from here.
Buy some now, buy the rest later, or whatever. It really doesn't matter much in the big picture.
Any skeptics of bitcoin or gold don't understand that there is $13T of negative yielding bonds out there, and that is set to increase. Just a matter of time before confidence in fiat collapses.
Trade active:
This post turned out to mark the bottom reasonably well.
Bitcoin did not really drop further down to the 100ma. It double bottomed. It has now reclaimed the 50ma. This is a very strong trend and I wouldn't recommend trying to trade it. This drop has reset the daily MACD to zero which gives it room to run.
I think this has tailwinds from the China tarrifs, HK protests, breakdown of KOSPI & Copper, basically the Asian and world economy further collapsing.
Bitcoin did not really drop further down to the 100ma. It double bottomed. It has now reclaimed the 50ma. This is a very strong trend and I wouldn't recommend trying to trade it. This drop has reset the daily MACD to zero which gives it room to run.
I think this has tailwinds from the China tarrifs, HK protests, breakdown of KOSPI & Copper, basically the Asian and world economy further collapsing.
Comment:
Because I believe this is being driven by deflationary collapse, I am not as bullish on ETH or VECHAIN. Their charts have been under-performing and a currency crisis against deflation in the real economy will support Bitcoin over "enterprise" blockchains.