qumatru

Bitcoin "the bottom is in" scenario

Long
BITMEX:XBTUSD.P   Bitcoin
Expect a retest of the 3100-3200 area followed by 2 years of buy every dip. Surely there are levels below that could also make sense as bottoms, but right now there's no reason to think about them. Working with what the market gives us, if the next swing low gets pushed back, it could very well mean the end of the bear market and the beginning of a new cycle for Bitcoin. I wouldn't miss the opportunity.
As a comment on where we are right now, 3900-4000 seems like a shortable area.

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