ridethepig
Long

If You Don't Own BTC ... Buy The Dip !!!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
With treasuries below inflation for only the second time ever in history (btw first time happened at the end of 2016 before monetary tightening). Global CB's are co-ordinating easing this late in the cycle makes it a matter of 'when rather than 'if' BTC will explode. This is the perfect environment to be adding on the dip, and a must have for all portfolios! My readers following on this swing will remember trading the lows:

The Waiting Game


Marching Troops To The Border


Destroying The Defence


Seizing A Breakout


Flirting With A Break of $10,000


On the short-term flows it was crystal clear we would get the retrace as soon as Tokyo and NY offered the open, we lost the highs with a fresh breakdown. This dip is a buying opportunity as highlighted in my latest idea:


...As usual thanks for keeping the support coming with likes, comments, charts, questions and etc! Jump into the comments with your views!
Feb 17
Comment: Tracking 9350 on the day to start building longs this week

Related Ideas

Comments

Still long on this one ? Given the whales who are dumping Bitcoins, I am not sure if this target is possible.
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Short the top.
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