TheTradingDog

The Golden FIB Bottom - 10 Reasons Why Bitcoin is Bottomed Out !

Long
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hello,

These are my 10 Reasons why I think BTC is Bottomed out !

I am a huge bear when it comes to Bitcoin and I believe I am not alone anymore, the possibility of Bitcoin going lower has actually kind of became mainstream.
The problem is that people always look at what happened in the past to predict the future, as this crypto space got bigger alot of investors and traders als got more mature.
Almost every investor knows the saying sell the news, and with the CME crash in 2017 people are scared of what BAKKT will bring us.

Everyone in the world is predicting a pullback to atleast the 8K region so why would it go there ?
Don't forget that I was a big bear before this (look at my recent post where i called top 12K).

Here are my 10 reasons why I think Bitcoin is bottomed out

1. Monthly RSI Trendline Bounce

2. Daily RSI Trendline Bounce

3. Monthly Golden FIB Bounce

4. Fake Out ! (Pumps right back and gets supported on REAL trendline)

5. Perfect 100 Daily MA Bounce (Retest)

6. Perfect Close Above Daily EMA RIBBON

7. Perfect 0.236 FIB Bounce

8. 3 Monthly Red Candles (3 Red Monthly will confirm Bear Market!)

9. Bakkt Launches 23 September (Buy the news this time ;)? )

10. Apply Own Reason Here :)


Comments

History will repeat - Forget about doing the opposite - It will drop like a hot potato.
+2 Reply
Nah
+2 Reply
TheTradingDog CryptoKittie
@CryptoKittie, Dont betray me Kittie...
Reply
Now what?
Reply
your fib retrace is backwards... it has only tagged the 382, not the 618.
Reply
Patience is all we need to succeed.
Reply
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