So we already see four daily closes going up, which suggests this pattern will continue. I'm not an expert on TA, and have been wrong, but usually bigger patterns like this are bullish short term. I am also not a trader, so I don't give trading signals or advice. By that same token 🤭 we are up over $10Khttps://www.bptcrypto.com/2021/09/bitcoin-daily-chart-ta-fundamentals.html, since I posted in September. Even though I'm bullish long-term, I'm not buying coins right now. The entire market is up, or at least most of the projects I'm HODLing. So now isn't the time to throw your life savings at BTC. Now IF you're already established in other positions NOW is the time to hunt for any new projects that are on sale because Bitcoin is eating the sun. Grow portfolios by HODLing & accumulating when coins are on sale at low prices. You can DCA into a new project almost every time BTC pumps. Market psychology is counter intuitive, and pros always buy dips. Now that BTC is in demand should you really be a buyer? Yes. If you don't own coins and $55K is your price, then buy, if you've been holding even for only 3-4 months, ENJOY! What you've done has paid off, you didn't get lucky you started making much better decisions with your currency. KEEP IT UP!
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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.