BTC has been profitable for 98.66% OF ITS HISTORY
bitcoinist.com/bitco...8-66-of-its-history/
Any short term losses people have EVER had with BTC, were only due to the persons inability to HOLD.
Good - We are not bearish as we are still in the primary pattern, which is the wedge from May 2019 until Present.
- We have two support lines to fall on, both will plenty of contact points.
- RSI showing same pattern trend, wedge ready to pop.
-Fisher Transform almost at all time lows from 2018 selloff.
- Filter Dots show next flip is BULLISH, as we are currently already in the bearish downtrend which is ending based on RSI, Filter Dots slope/level, and Fisher.
Bad - We are getting to the sh*t or get off the pot scenario. Price is getting to the blue support. Break of $7100 will be bearish.
- We may see too many people with weak hands capitulate and sell off being this low.
- This is a bonus in my opinion. True believers in BTC are ready for all dips, know long term value, and have strong hands (don't fold easy).
Ugly - Lots of bears trying to use psychology to help their leverage shorts payout, so they can buy a better dip. Don't be scared, be smart.
-It can be hard to see through all the noise.
-Question whether the chart makes sense, whether the author is explaining the chart values, and whether you believe the outcomes shown in probability percentage?
-What is the probability percentage that 6 months pre-halving, we are going down in price when flow will be cut in half? This is a buy opportunity.
With SP500, DJIA, and Nasdaq at ATH we are probably going to wait for a correction there for massive cash flows to seek riskier investments.
Dec. 15 tariffs may be catalyst.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
bitcoinist.com/bitco...8-66-of-its-history/
Any short term losses people have EVER had with BTC, were only due to the persons inability to HOLD.
Good - We are not bearish as we are still in the primary pattern, which is the wedge from May 2019 until Present.
- We have two support lines to fall on, both will plenty of contact points.
- RSI showing same pattern trend, wedge ready to pop.
-Fisher Transform almost at all time lows from 2018 selloff.
- Filter Dots show next flip is BULLISH, as we are currently already in the bearish downtrend which is ending based on RSI, Filter Dots slope/level, and Fisher.
Bad - We are getting to the sh*t or get off the pot scenario. Price is getting to the blue support. Break of $7100 will be bearish.
- We may see too many people with weak hands capitulate and sell off being this low.
- This is a bonus in my opinion. True believers in BTC are ready for all dips, know long term value, and have strong hands (don't fold easy).
Ugly - Lots of bears trying to use psychology to help their leverage shorts payout, so they can buy a better dip. Don't be scared, be smart.
-It can be hard to see through all the noise.
-Question whether the chart makes sense, whether the author is explaining the chart values, and whether you believe the outcomes shown in probability percentage?
-What is the probability percentage that 6 months pre-halving, we are going down in price when flow will be cut in half? This is a buy opportunity.
With SP500, DJIA, and Nasdaq at ATH we are probably going to wait for a correction there for massive cash flows to seek riskier investments.
Dec. 15 tariffs may be catalyst.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.