Floor is in, now we stack and wait. BTC is Priming!!
Over the last 60+ days from Feb. Panic lows BTC has tested the floor several times. The floor is indeed confirmed and now we are in a priming zone as we get towards the end of the colluding pyramid. Either A we will see a full blown breakout and BTC will be ushered towards some extreme new ATH or it breaks down.
If it breaks down it will take years to recover, most probable time for recovery would be 2020. However if it does indeed break out which I do think it will, we are going to see something extraordinary as so many people will flock to cryptocurrencies.
Going to have to either A take a risk or B take a risk. Which risk is most rational for you to take? Sitting on the side line with cash in hand or in the shuttle hoping it doesn't break down whilst priming, you decide. I got my seat and Im still adding to positions. DCA will help me from catching a falling knife and provide a small safety shoot should this thing want to break all the way down. Man oh man here we go....
If it breaks down it will take years to recover, most probable time for recovery would be 2020. However if it does indeed break out which I do think it will, we are going to see something extraordinary as so many people will flock to cryptocurrencies.
Going to have to either A take a risk or B take a risk. Which risk is most rational for you to take? Sitting on the side line with cash in hand or in the shuttle hoping it doesn't break down whilst priming, you decide. I got my seat and Im still adding to positions. DCA will help me from catching a falling knife and provide a small safety shoot should this thing want to break all the way down. Man oh man here we go....
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.