Lorenz_Capital

BTC - The Moment We Have Been Waiting For

Largo
Lorenz_Capital Actualizado   
BITFINEX:BTCUSD   Bitcoin
Here is the chance to buy 5k BTC during EXTREME oversold conditions (daily and 4H), I believe this is a good opportunity to get long for the 6k floor re-test. We are in the channel support - taken to the closes, as well as very close to the 23.6 support level. I believe we will rally back towards 6k by the end of the year. Best time to buy? when blood is on the streets... this is a horror show. get in and buy 5k while you still can.

Best of luck, hit the thumbs up.
Comentarios:
Here is the log scale View - Why i think this is a good buy - for a re-test of 6k

1. trendline support (yellow)
2. median channel supoprt
3. fib support (23.3 + 4.618 extension of old move)
4. 5k psych level
5. EXTREME oversold daily RSI (NO this indicator is not broken)

GL

Comentarios:
Who is really left to sell here? - 9 count just came in on the TD indicator, RSI MAX oversold levels on the Daily. 23.6 fib support. 5k psych level hasn't even been tested again... not to mention the structure in play - i just really want to see this descending wedge hold true.
Comentarios:

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