This trend is fairly distinct. Bottom trendline appears very supportive. Be careful if it retests, and exit longs if it breaks through with conviction. Also could be the final leg of an Elliott Wave occurring.
Bottom line: World is still waking up to crypto, and less than 1% has any exposure. I am in the camp that sees BTC at $50k in 2020, or even higher for that matter.
People tend to fixate very short-term in crypto, and I've been guilty of it myself. Ultimately you won't go wrong buying here, which is why I'll make this a long.
BTCUSD
Bottom line: World is still waking up to crypto, and less than 1% has any exposure. I am in the camp that sees BTC at $50k in 2020, or even higher for that matter.
People tend to fixate very short-term in crypto, and I've been guilty of it myself. Ultimately you won't go wrong buying here, which is why I'll make this a long.
BTCUSD
Comment:
Trend lines work for a reason. Original line, perfect bounce off the questionable China news fud this morning.
