The fear index is extreme right now, fintwit and everyone at my coffee shop telling me crypto is going to hell. I like this sentiment. It gives me warm feelings a bottom is near / in.
The daily rsi is extremely oversold (btc), the total market cap is in the same position, and the alt market cap is about to be there as well. If you zoom in and manually count, there are 5 waves now complete in this A wave.
This all gives me confidence to now long. If you’ve been following my blog (it’s free), then you’d seen that we shorted eth around 4K (got out prematurely, but hey profit is profit), and now it’s time to buy even more. I already longed a small portion a few grand earlier, and now it’s time for another tranche.
If you’re scared, relax. The market will provide a reasonable exit. I see btc going to below $24k, and then $150k+. The probabilities are good.
Chillax comrades
My blog - BitDaddy.io
The daily rsi is extremely oversold (btc), the total market cap is in the same position, and the alt market cap is about to be there as well. If you zoom in and manually count, there are 5 waves now complete in this A wave.
This all gives me confidence to now long. If you’ve been following my blog (it’s free), then you’d seen that we shorted eth around 4K (got out prematurely, but hey profit is profit), and now it’s time to buy even more. I already longed a small portion a few grand earlier, and now it’s time for another tranche.
If you’re scared, relax. The market will provide a reasonable exit. I see btc going to below $24k, and then $150k+. The probabilities are good.
Chillax comrades
My blog - BitDaddy.io
