Long term bottom established - bitcoin STILL not dead.
There is a high likelihood that bitcoin has found its long-term bottom. The descending wedge that bitcoin has been in for a year is still valid, except that the floor turned out not to be in exactly the right place. Nonetheless, the pattern of decline that has taken place for over a year now confirms that bitcoin is not destined to crash to zero, at the very least.
Given this information, I have high confidence that we will see much higher prices in the future, and I have outlined some weekly resistance levels to watch. I believe this is a good entry point for those of you who may not know much about TA and consider yourselves long-term investors. While most people are scrambling to get out of bitcoin and announcing its death, smart investors have decided there is enough upside potential here to get a good deal with low risk.
Bitcoin is not dead. If it were going to die, it would probably be closer to $10 by now. The fact that we've gone down for such a long time and have stilled maintained critical levels means a very large upside correction is due. We don't know exactly how high it will go, but I believe it will be much higher than it is now.
Very coin, much donate plz:
1LxdKbgMyQxiNepMSLZs2tKtUseMqtq34b
Given this information, I have high confidence that we will see much higher prices in the future, and I have outlined some weekly resistance levels to watch. I believe this is a good entry point for those of you who may not know much about TA and consider yourselves long-term investors. While most people are scrambling to get out of bitcoin and announcing its death, smart investors have decided there is enough upside potential here to get a good deal with low risk.
Bitcoin is not dead. If it were going to die, it would probably be closer to $10 by now. The fact that we've gone down for such a long time and have stilled maintained critical levels means a very large upside correction is due. We don't know exactly how high it will go, but I believe it will be much higher than it is now.
Very coin, much donate plz:
1LxdKbgMyQxiNepMSLZs2tKtUseMqtq34b
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.