Circling the Bear Drain
We're getting pretty close to a capitulation.
There's still the possibility that BTC can go under 3k again, however it won't stay there for long.
Bitcoin is going to test the trendline these next few days but will ultimately fail to breakout into a bullish reversal.
Be patient and save your money for this Q1 when markets look their worst and the news media trashes Bitcoin.
I see a huge opportunity to buy a very affordable bitcoin.
That pitchfork is from when Bitfinex markets opened, to 1,200 (peak bubble) to 100 (long wick downward 2014). I just thought it was an interesting connection!
There's still the possibility that BTC can go under 3k again, however it won't stay there for long.
Bitcoin is going to test the trendline these next few days but will ultimately fail to breakout into a bullish reversal.
Be patient and save your money for this Q1 when markets look their worst and the news media trashes Bitcoin.
I see a huge opportunity to buy a very affordable bitcoin.
That pitchfork is from when Bitfinex markets opened, to 1,200 (peak bubble) to 100 (long wick downward 2014). I just thought it was an interesting connection!
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