elpokor

Long term view

elpokor Updated   
BNC:BLX   Bitcoin Liquid Index
Timing seems about right for loading up on the cryptosphere. Prices are finally showing some bullish action. I'd say the long term bottom is in.
Comment:
yeah... I don't see it flopping again to a new low after that rally lol. It finally hit, after some hesitation, the first green box target (which was absolutely insane to even put it there 4,5 months ago, mind you). The rally is a bit unsustainable though, might want to take profits in this 10-11k area and reload at 4.6-5k if a daily reversal candle appears out of nowhere. I'd start speculative selling if we get to the 13-14k area (61.8% retracement of the crash)
Comment:
narrator: speculative selling in the 13-14k area and/or reloading at 4.6-5k was the right call
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.