Next BTC golden opportunity may be near

Jul 12, 2019

As BTC pulling back into status of ascending triangle, market sentiment have reversed into pessimistic. Many traders began to short BTC with panic after losing their position. However looking back to bullish trends of 2015-2017, we can find an obvious feature that if K line retrace upon MA120, it would rebound rapidly with rising volume. As we haven’t seen any deep pullback of price upon 120MA of this bullish run, it come to a optimistic conclusion that next pullback upon MA120 would be a golden opportunity for long-tern position.

Recommendation in long term: Don't short, keep holding on.