Rilez

Bitcoin Market cycle complete

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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6
Bitcoin fell 70% from ATH and has gone through bull trap, fear, capitulation, and despair phase imo. I believe we are begging a new take off phase for a new bull cycle. I am very bullish and have been in crypto for a long time and I am comfortable holding a big % of net in crypto. That being said if you are new to the game and are curious and want to get your feet wet, take a conservative approach risk maybe 5% of your net. Just know you are entering a very new and volatile market so don't risk anything your not willing to loose. Cheers good luck!

Comments

@atdykema, Interesting thanks for the constructive criticism. 70% drops have happened in BTC but are not common and is not common without full market cycle usually. Your comments come across like 70% pull backs are a everyday thing? Looks like full market cycle to me I shorted the bull trap because of massive RSI Divergence after insane run and media attention. There are few and far between charts like BTC or crypto so doing this with any chart to this magnitude of this seems kinda pushing it. Cheers Gl on the markets.
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This is the definition of fitting a graph into a pattern. You could do this to any graph you wanted to and it would make sense. This graph means nothing
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