This is a good of an entry as anyone could wish for.
I have been bullish at the lows, and bullish at the highs, although I would roundtrip my position each time. However I sense a slight change in the market. Instead of a new lower low, I believe 56k holds.
There is a hidden bullish divergence, where RSI made a lower low due to quickness of price collapse, yet we have not made a new low. Pattern recognition is somewhat bullish.
Bitfinex is buying. If I had not aped everything at 16k, I would be buying spot as well. There is a clear invalidation, an asymmetric opportunity, and fomo in the air at what is yet to come.
From a fundamental standpoint, Bitcoin is the only logical conclusion for anyone who understands history. Inflation is a symptom of deep societal problems. Gold and property are good inflation hedges, but less resilient than Bitcoin. Bitcoin is like video game currency. Memorize a few words, and you now have access to infinite capital. This narrative is growing slowly day by day. Look at the success of channels and ideas shilled by Ray Dalio and Tom Bilyeu. Inflation and fear of future instability are the best advertisements for Bitcoin.
While there are other forms of currency like ETH, just from what I can see with my eyes and the overall vibes, Bitcoin stands to benefit the most from this narrative.
I have been bullish at the lows, and bullish at the highs, although I would roundtrip my position each time. However I sense a slight change in the market. Instead of a new lower low, I believe 56k holds.
There is a hidden bullish divergence, where RSI made a lower low due to quickness of price collapse, yet we have not made a new low. Pattern recognition is somewhat bullish.
Bitfinex is buying. If I had not aped everything at 16k, I would be buying spot as well. There is a clear invalidation, an asymmetric opportunity, and fomo in the air at what is yet to come.
From a fundamental standpoint, Bitcoin is the only logical conclusion for anyone who understands history. Inflation is a symptom of deep societal problems. Gold and property are good inflation hedges, but less resilient than Bitcoin. Bitcoin is like video game currency. Memorize a few words, and you now have access to infinite capital. This narrative is growing slowly day by day. Look at the success of channels and ideas shilled by Ray Dalio and Tom Bilyeu. Inflation and fear of future instability are the best advertisements for Bitcoin.
While there are other forms of currency like ETH, just from what I can see with my eyes and the overall vibes, Bitcoin stands to benefit the most from this narrative.
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.
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.