TradingView
FX_Professor
May 12, 2021 2:09 PM

BITCOIN- Time to Buy Again? (ref:INFLATION) Long

Bitcoin / TetherUSBinance

Description

The time has come to understand the power of Bitcoin in times of inflation.
Some consider it the new Gold, the new safe-haven asset that can retain or increase it's value in time of inflationary troubles.

Why is that, and what are the historical and economic reasons we might see Bitcoin act as counter-force to inflation and what does it mean to say that it has a deflationary philosophy?

the answer is here, the time is now!

the FXPROFESSOR
Comments
Apaulsen35
Nope, still in a wedge, going down.
yozr23361
59900 tight resistance, means alt season maybe
Oacen
i looked at the order book.
2k btcs till 60k do you think there is enough money to brake that ressistance?
i see people to buying etherium bnb and alt coins i cant see how btc is going to make this.
only if a whale push the price or if we have some elon mask or facebook tweets .
CryptoSignal2
@oacen13 alts are pumping like crazy ...... they are like new born baby ....
Oacen
@gastseg,yesterday i sold everything including my precious ada i believe we will se a btc dive tonight at least at 52k and i want to buy the dip.
if btc goes up i will lose the chance but i want play the game like this.
CryptoSignal2
@oacen13, I'm waiting for the dip too.
Oacen
@gastseg, i am not ok with this btc dip i am waiting 1 more to buy
CryptoSignal2
@oacen13, inflation here , negative news about crypto ... so better to wait for a while ; I left with altcoins ; I can't close it b/c am now -2% down on altcoins. I don't know if things going to be worst better to close with negative too.
Oacen
@gastseg, i sold all my alt coins when btc was close to 60k 2 days ago cause i was sure it wont brake the ressistnace and it will go down.
if i was in spot i wouldnt sell now.if you dont use leverage you are safe
CryptoSignal2
@oacen13, I'm in spot trading ; will keep it.
More