The chart says everything. Do not put any trust in me. This is my vision for The Bitcoin -7.55% .
I could be dead wrong but this is what I see.
Please, do not construe this as investment advice.
These arguments work for me but that does not imply that they work for you.
I could be dead wrong but this is what I see.
Please, do not construe this as investment advice.
These arguments work for me but that does not imply that they work for you.
Comment:
Stop pinching pennies. Buy the dip and hold until end of year. Bear traps will be severe!
Comment:
Selling the bottom is not very intelligent.
You don't need the exact bottom. You just need to be arbitrarily close to the bottom.
Instead, choose sell targets at key points while the price is ascending on a massive bull run. There will be plenty of excellent reentry points along the way.
You don't need the exact bottom. You just need to be arbitrarily close to the bottom.
Instead, choose sell targets at key points while the price is ascending on a massive bull run. There will be plenty of excellent reentry points along the way.
Comment:
For the record, this idea is invalid if the price violently breaks the red support. That line must hold. If it doesn't, then that is a strong sell signal. The price would get wrecked.
Comment:
Also, a death cross can be catastrophic. It need not imply that a golden cross will shortly follow a death cross. It can or the lines can diverge which will lead to a steep decline in value.
Therefore, if you see the 50 and 200 day volume weighted moving averages diverge from each other then expect a severe depreciation in this asset.
Let's hope for convergence of the VWMA's and a golden cross!
Therefore, if you see the 50 and 200 day volume weighted moving averages diverge from each other then expect a severe depreciation in this asset.
Let's hope for convergence of the VWMA's and a golden cross!