cyatophilum

Bitcoin : Don't FOMO ! But ...

BITFINEX:BTCUSD   Bitcoin
Hello, I'm as much as you thrilled by the idea of a new bullrun, knowingly that this time, it's going to be even stronger than before. More and more people are joining the crypto sphere and those who got in, back in january 2018, are still here since then, waiting for the right moment to get their chance. It's going to be massive: some say bitcoin could reach 100k$ easily, that if we compare the Bitcoin bubble to the Internet bubble, we haven't gone anywhere near as high as people went for the internet, if we look at the money involved. We know the tech is good, but the tech isn't linked to the price, sadly, it needs to climb slowly, with cycles, and those take time, that's how it works. After a move up, people will take their profits, and make the price go down, that's a correction.

My TA is simple.
The bullish sign is the 200 EMA Cross. We know that when we are above this line 80% of successful trades are longs.
The bearish sign is that the RSI is at its biggest overbought since december 2018 ( when BTC hit 16 500$ )
Right now I'm bearish. But I can't predict the future, that's where TA has a limit.

How to exactly know when to get in ?
You can use My PSAR Bot Trader to set up and alert and receive a notification as soon as the Trend reverses.

TLDR;
Prepare yourself for a move. Get some stable coins and be ready to enter if something were to happen. Do not wait the last minute to make your bank transfer, it can take up to 48h and trust me there is no worse senstation that missing out because of that. But most importantly: Don't FOMO because it could very well go -30% again after this move up.

Good luck ! TAs and ideas are welcome.

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