Hello broskis,
I'm going to keep this very short, and say that we have 3 possible scenarios based on several indicators.
1) The most likely scenario : Rebound around 5800. This level has held many times, and there are several fundamental reasons for it: Mining prices, CME futures maintained around 100 Billion dollars market cap
2) 5300 levels, a likely scenario as well based on demand: Almost everyone is waiting a capitulation phase and a drop to these levels, and they have been talking about it for months now. It could very well happen, and the triangle could get broken for a bear trap.
3) 4100 level : Extremely bearish scenario, that is, in my opinion, unlikely to happen soon, however based on the 2014 fractals could very well be a reality.
A cool trick :
A cool trick is to buy bitcoin/ethereum, and send to an exchange and transfer immediately to USDT. You can place a buy order on these levels, in case a fast capitulation happens, then you "might be able to catch the ultimate bot"
Anyways, I'm looking to average my buys around these 3 levels.
My long term view has not changed, I'm still very bullish.
Good luck bros
I'm going to keep this very short, and say that we have 3 possible scenarios based on several indicators.
1) The most likely scenario : Rebound around 5800. This level has held many times, and there are several fundamental reasons for it: Mining prices, CME futures maintained around 100 Billion dollars market cap
2) 5300 levels, a likely scenario as well based on demand: Almost everyone is waiting a capitulation phase and a drop to these levels, and they have been talking about it for months now. It could very well happen, and the triangle could get broken for a bear trap.
3) 4100 level : Extremely bearish scenario, that is, in my opinion, unlikely to happen soon, however based on the 2014 fractals could very well be a reality.
A cool trick :
A cool trick is to buy bitcoin/ethereum, and send to an exchange and transfer immediately to USDT. You can place a buy order on these levels, in case a fast capitulation happens, then you "might be able to catch the ultimate bot"
Anyways, I'm looking to average my buys around these 3 levels.
My long term view has not changed, I'm still very bullish.
Good luck bros
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Johnny Nailedsville
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