To very one wondering if it is too late to buy in simply don't worry. The older bitcoin gets the more technical it behaves as more mature traders take an interest. The left chart shows that bitcoin has flagrantly ignored the limitations that most associate with the Bollinger band. But don't worry, once the BB asserts itself we should see bitcoin returning to around the baseline. Sometimes a few percent above, sometimes a few cents below.
The safest way to enjoy investing in crypto is to buy these dips. Let the margin traders and day traders drive the price up. We need them. But they need us to go and buy these dips. or of it strikes your fancy, do both.
And finally as a reminder, ascending triangles in normal markets throw back about 64% of the time so a retest of the neckline would be the most bullish way price could fall. In other words, there is about a 64% chance that we drop 17 percent after making this target after going outside the daily bollinger bands.
This is a long term bullish post but a short term bear, so I am tagging it short.
The safest way to enjoy investing in crypto is to buy these dips. Let the margin traders and day traders drive the price up. We need them. But they need us to go and buy these dips. or of it strikes your fancy, do both.
And finally as a reminder, ascending triangles in normal markets throw back about 64% of the time so a retest of the neckline would be the most bullish way price could fall. In other words, there is about a 64% chance that we drop 17 percent after making this target after going outside the daily bollinger bands.
This is a long term bullish post but a short term bear, so I am tagging it short.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
