We have multiple indicators saying we are near a bottom.
Twitter BTC mentions at all time low
382 Fib retracement for the whole year
Price is around the break even level for miners
Price is very close (within 10%) of an ideal short target based on the entirety of 2018 price action
Longs/shorts are at all time high
Altcoin market cap is also rekt
The odds are in your favor if you buy anywhere around this price area. I believe if it dumps further, it won't go very far.
What could theoretically dump BTCUSD further after such a large existing bear run?
A conventional stock market SPX dump could trigger a BTC dump. This could be triggered by the USA/China trade deal failing.
A large exchange hack
Lack of interest causes volume/price to die a slow death
Always remember, your fear is a buying indicator and your greed is a selling indicator. Keep your mind in check.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.