BTC is currently in another selloff but not to worry again as I said the lowest it goes here is likely 
39K (or slightly below) but I don't think this will be the case.
Typically when the FUD is at its greatest and the BTC chart looks like cancer, that's the time to buy. The China FUD is completely ridiculous considering they ban bitcoin every 5 days. Ignore it. This is how they shake you out of your position so they can load up and buy low before the next leg higher.
REMEMBER, BTC sold off 5 times to the 21 Week EMA in 2017 - this is just our first instance in the 2021 Bull Run, nothing unusual.
Hash Ribbons
The most bullish sign of all time in the entire history of BTC is about to occur in the middle of a bull run - this has actually never occurred in the middle of a prior bull market so this could be the most significant signal to ever occur in BTC's history imho. This buy signal will occur in the next several days if not this week then next week. We are looking for the "blue" circle to appear in the bottom - we are imminently close as the final bright green circle has appeared which occurs right before a blue circle buy signal occurs - signaling that the selling capitulation is over, and we're readying for the next leg higher, whereby BTC will rise astronomically from that buy signal.
2021 ATH Charted Path Using 2017 Fractal
Also, bonus - I overlayed the 2017 bull market run after a similar 40% dip occurred. Interestingly enough, this bar pattern gets us to near the end of this bull cycle by August/September 2021 and to the price target I've been modelling ~$215k.
Altcoins
This dip in BTC will allow you to buy my favorite alts - XRP, FTM, FET, RAMP, UNI, LINK, BID
39K (or slightly below) but I don't think this will be the case. Typically when the FUD is at its greatest and the BTC chart looks like cancer, that's the time to buy. The China FUD is completely ridiculous considering they ban bitcoin every 5 days. Ignore it. This is how they shake you out of your position so they can load up and buy low before the next leg higher.
REMEMBER, BTC sold off 5 times to the 21 Week EMA in 2017 - this is just our first instance in the 2021 Bull Run, nothing unusual.
Hash Ribbons
The most bullish sign of all time in the entire history of BTC is about to occur in the middle of a bull run - this has actually never occurred in the middle of a prior bull market so this could be the most significant signal to ever occur in BTC's history imho. This buy signal will occur in the next several days if not this week then next week. We are looking for the "blue" circle to appear in the bottom - we are imminently close as the final bright green circle has appeared which occurs right before a blue circle buy signal occurs - signaling that the selling capitulation is over, and we're readying for the next leg higher, whereby BTC will rise astronomically from that buy signal.
2021 ATH Charted Path Using 2017 Fractal
Also, bonus - I overlayed the 2017 bull market run after a similar 40% dip occurred. Interestingly enough, this bar pattern gets us to near the end of this bull cycle by August/September 2021 and to the price target I've been modelling ~$215k.
Altcoins
This dip in BTC will allow you to buy my favorite alts - XRP, FTM, FET, RAMP, UNI, LINK, BID
Note
And now COMP has been added to my altcoin list
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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.