BitcoinLong
BTC It's About That Time
Crypto8020
The BTC market has a well established higher low near the 6400 level, and it continues to show bullish signals. The longer it stays slugish, the greater the short squeeze will be. The herd is either bearish, or bored.
This is the sort of environment where great opportunities arise.
We are long. Its only a matter of time before the market breaks out. We‘re holding strong for short term targets, with an opptomistic eye on the long term.This is not the time to sell, BTC IS consolidating and establishing higher lows on multiple time frames. As long as the bullish trend line holds, the market is showing bias toward higher prices.
Action is low and the herd of sheeple are losing interest. This is a great sign. Remember, BTC consolidated for two years before it broke out and ran 20X last year at the end of 2017. Most sheeple were trolling negative comments and claiming BTC was dead. Week markets sell fast, this is not a week market. At any moment the market can be triggered by positive or negative news.When the breakout occurs, it will be dramatic. It will attract the reactive sheeple. The top of the herds reaction will be a good time to sell and wait for a retrace to rebuy.
A chart is human emotions on a graph. It is a representation of order flow. Human behavior and intentions can be identified in price patterns. Currently, what price is NOT DOING, is telling us a ton of information. The emotions of Fear and Greed drive prices in every market. Best!!!
Crypto8020
The BTC market has a well established higher low near the 6400 level, and it continues to show bullish signals. The longer it stays slugish, the greater the short squeeze will be. The herd is either bearish, or bored.
This is the sort of environment where great opportunities arise.
We are long. Its only a matter of time before the market breaks out. We‘re holding strong for short term targets, with an opptomistic eye on the long term.This is not the time to sell, BTC IS consolidating and establishing higher lows on multiple time frames. As long as the bullish trend line holds, the market is showing bias toward higher prices.
Action is low and the herd of sheeple are losing interest. This is a great sign. Remember, BTC consolidated for two years before it broke out and ran 20X last year at the end of 2017. Most sheeple were trolling negative comments and claiming BTC was dead. Week markets sell fast, this is not a week market. At any moment the market can be triggered by positive or negative news.When the breakout occurs, it will be dramatic. It will attract the reactive sheeple. The top of the herds reaction will be a good time to sell and wait for a retrace to rebuy.
A chart is human emotions on a graph. It is a representation of order flow. Human behavior and intentions can be identified in price patterns. Currently, what price is NOT DOING, is telling us a ton of information. The emotions of Fear and Greed drive prices in every market. Best!!!
Crypto8020
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.