- I do believe we have bottomed
- I do believe we are now bullish
- I do believe we have a final breakdown before all hell breaks loose and BTC makes news headlines.
The weekly candle of July 6th, 2015... I believe shows a very similar situation to what we are witnessing now.
The slow bullish build up, with a large final weekly candle. The RSI is at a 57 level, as we are right now.
There is a pullback seen after this, in our case I doubt we will make new lows. At best, 3500-3800.
Then... FOMO. Now everyone is watching, thinking they have missed out.
Wallets and exchanges are loaded and ready to buy. The bounce will be huge so I doubt a lot will truly catch the bottom of the pullback.
I am bullish, we are well into accumulation. But IMO, a pullback is necessary. I can't think of a better time to get sideliners to FOMO buy then now...
Time will tell. SHORT ON THIS FOR LAST TIME.
- I do believe we are now bullish
- I do believe we have a final breakdown before all hell breaks loose and BTC makes news headlines.
The weekly candle of July 6th, 2015... I believe shows a very similar situation to what we are witnessing now.
The slow bullish build up, with a large final weekly candle. The RSI is at a 57 level, as we are right now.
There is a pullback seen after this, in our case I doubt we will make new lows. At best, 3500-3800.
Then... FOMO. Now everyone is watching, thinking they have missed out.
Wallets and exchanges are loaded and ready to buy. The bounce will be huge so I doubt a lot will truly catch the bottom of the pullback.
I am bullish, we are well into accumulation. But IMO, a pullback is necessary. I can't think of a better time to get sideliners to FOMO buy then now...
Time will tell. SHORT ON THIS FOR LAST TIME.
