After the big volatility on BTC in the last 2 weeks Bitcoin seems to put in the bottom after a Blackswan event. However, I like to see higher low forming before we call a bottom. For me, this is an insanely rare buying opportunity on the market right now. instead of being extremely fearful like the rest of the market, Be greedy. Only a few times in history #bitcoin has only had this low sentiment on the Fear/Greed Index scale. It only appeared on major bottom reversals in the past and the same is expected now. Take corona dump as an example everyone was calling 1k 2k bitcoin and they all get rekt or missed the train. If your in for the long run u should be happy with this cheap price.
You need to understand that it's impossible to perfectly predict the bottom nor the top. Important is understanding what is cheap and what is expensive. this might probably the last buying opportunity for BTC. Remember how badly you wished u have bought more bitcoin at 3k-4k when we broke 20k?
In few months u will look back at the current price 😉
Don’t fall for this well-engineered FUD campaign they are here to make panic sell use them as good buying opportunities anywhere.
We might range down here don’t be afraid to buy some whenever we get a dip. Still expecting a slow recovery coming 2 weeks.
Key support is our yearly 2021 low 28.8k Breaking this could be an ugly ride to the upside.
Bullish Scenario would be closing next weekly candle above 44k which were 0.5 Fib@.
Bitcoin Hash ribbon should flash #BUY soon and it's never been wrong keep your eyes on it.
The current local resistance level is 42k breaking this level should give alt more confidence expect more money to flow in alts coins.
Dips are nice but a daily close below 33k is what we don’t want to see. Only wicks. I Will keep you guys up to date when I have more structure to work with for now buy low sell high😊 don’t panic
My last update:
You need to understand that it's impossible to perfectly predict the bottom nor the top. Important is understanding what is cheap and what is expensive. this might probably the last buying opportunity for BTC. Remember how badly you wished u have bought more bitcoin at 3k-4k when we broke 20k?
In few months u will look back at the current price 😉
Don’t fall for this well-engineered FUD campaign they are here to make panic sell use them as good buying opportunities anywhere.
We might range down here don’t be afraid to buy some whenever we get a dip. Still expecting a slow recovery coming 2 weeks.
Key support is our yearly 2021 low 28.8k Breaking this could be an ugly ride to the upside.
Bullish Scenario would be closing next weekly candle above 44k which were 0.5 Fib@.
Bitcoin Hash ribbon should flash #BUY soon and it's never been wrong keep your eyes on it.
The current local resistance level is 42k breaking this level should give alt more confidence expect more money to flow in alts coins.
Dips are nice but a daily close below 33k is what we don’t want to see. Only wicks. I Will keep you guys up to date when I have more structure to work with for now buy low sell high😊 don’t panic
My last update:
ความคิดเห็น:
ความคิดเห็น:
Bitcoin on the Daily pattern is forming a symmetrical triangle or a pennant as a consolidation after After Big drop. Best support $34500 Daily close below should be seen as a warning. We could wick down to even 28800 to year low support as long we close back to 34500 anything inside this zone is considered a good buying opportunity. The ideal Scenario ofc is Bitcoin don’t break 35k
