EnlightenedTrading

BITCOIN - WHAT YOU NEED TO KNOW

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey there,

Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?

To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin .
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin , if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.

So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.

Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.

Cheers,
Konrad

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