BTC - Soon to bottom out
Top of the Mornin' !
I'm still bearish, so I have ticked the Short option, but the case is a bit more complicated than that.
I still don't think we have touched the bottom here. And by bottom I don't mean the price, but the supporting trend line that bounced the price every time.
We almost touched it, but not yet. And I even expect a Black Swan event as an excuse to drag the price there - but that's good ! We're close to it, so once we touch it - we can really think about new All-Time Highs.
So in brief:
- My indicator and price movements in relation to the trendlines are very similar to December '19. So far acting almost indentical.
- We will either drag the price up to 50+k and then fall down to that crucial trendline or we will go there directly (because of a huge amount of options expiry at those levels ending soon).
Once we bottom on my indicator and touch top trend line on USDT Dominance - I'm buying all-in.
Cheers!
I'm still bearish, so I have ticked the Short option, but the case is a bit more complicated than that.
I still don't think we have touched the bottom here. And by bottom I don't mean the price, but the supporting trend line that bounced the price every time.
We almost touched it, but not yet. And I even expect a Black Swan event as an excuse to drag the price there - but that's good ! We're close to it, so once we touch it - we can really think about new All-Time Highs.
So in brief:
- My indicator and price movements in relation to the trendlines are very similar to December '19. So far acting almost indentical.
- We will either drag the price up to 50+k and then fall down to that crucial trendline or we will go there directly (because of a huge amount of options expiry at those levels ending soon).
Once we bottom on my indicator and touch top trend line on USDT Dominance - I'm buying all-in.
Cheers!
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