There are many longer term trends/indicators that are both bullish and bearish, leading to a very indecisive BTC price. Which, coupled with all the panic around COVID-19, could explain the crazy volatility we've been seeing.
One thing I'm seeing that is really bullish is the volume we saw on the latest dump. We saw a HUGE red volume bar and then an even BIGGER green volume bar. I think some big boys reloaded HEAVY at that $3800 level.
If we do lose the up trend, I could see us going to triple digits. Extreme, but possible. We're still up thousands of percents from 5 years ago, remember.
I'm picking up bags just because I like to lose money. I'm also not trading daily, I'm in this for the long term because I truly do believe in BTC and the fundamentals. I just like to follow the movements and try to find something that helps me predict if I should buy or wait a little bit to pick up at a cheaper price.
Let me know what you guys think; who's gonna win?
Bears or Bulls?
One thing I'm seeing that is really bullish is the volume we saw on the latest dump. We saw a HUGE red volume bar and then an even BIGGER green volume bar. I think some big boys reloaded HEAVY at that $3800 level.
If we do lose the up trend, I could see us going to triple digits. Extreme, but possible. We're still up thousands of percents from 5 years ago, remember.
I'm picking up bags just because I like to lose money. I'm also not trading daily, I'm in this for the long term because I truly do believe in BTC and the fundamentals. I just like to follow the movements and try to find something that helps me predict if I should buy or wait a little bit to pick up at a cheaper price.
Let me know what you guys think; who's gonna win?
Bears or Bulls?
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Looks like we're on the way to test ~11.7k
