Bullish on BTC

29 сент. 2021 г.

Now this title may have fooled you, but I am bullish on BTC not matter what happens over the next few weeks. Looking at this chart there are some bearish indicators. It's possible we are rolling over and if we do I will be buy as soon as it enters my buy zone channel. Since 2015 BTC has only dipped below this channel twice. While in this channel BTC has presented some of the best accumulation opportunities before large run ups. I am not sure which way the whales will push BTC short term. Some believe that we are in 4 years cycles and other believe that the cycles are getting longer. What has always been true is BTC goes up over time and there are ups and downs along the way, but lows keep on getting higher and highs keep on getting higher. So you can look at it two different ways. If BTC goes up short term then great, but if it goes down into the channel then I will DCA into a position. Bullish outlook will remain unless BTC breaks below 14k in my opinion.

This is not financial advice and I am not a financial advisor this is to be used for educational purposes only.

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Have a great day and hopefully we will have many green days ahead in october.