So this will be a quick post for today as I do not have much time to go in depth but here is why I am buying btc @8,000
Make sure to check my last post where I said this was going to happen, month before it did. (Don't say i didn't warn you)
1. VPVR @ 8,100
2. .618 Support (Golden Ratio)
3. Green Downward channel support
4. .618 Extension of ABC
5. Monthly Long term support trendline hit (If we break this on the weekly then its going to be a blood bath, However the chance is still small)
6. May (look @ last year, at the end of may we had a strong bull momentum.
7. Possible falling wedge (May not be, but agian this is a quick post)
8. Longs have been liqudated (Look @ BTCUSDLONGS , on tradingview, dumb money has gotten out.)
9, Many alts have also found support
10. (There are more reasons but I really dont have time today, will likley make another post tommarow in depth.)
P.S We could break the 7,800-8,100 support however it is not very likley right now. If you want a safe Entry I would say put 50% of you capital back in & put your stoploss @ 7,600. If we break 7,600 We are likley going far lower. So now is your chance.
P.S 2. THIS IS NOT FINACIAL ADVISE DO YOUR OWN REASEARCH. ONLY RISK WHAT YOU CAN AFFORD TO LOSE. BE SAFE.
Anyways I hope you guys have a awesome week. Please dont just follow me blindly & Please make sure to be careful. Thank you.
Make sure to check my last post where I said this was going to happen, month before it did. (Don't say i didn't warn you)
1. VPVR @ 8,100
2. .618 Support (Golden Ratio)
3. Green Downward channel support
4. .618 Extension of ABC
5. Monthly Long term support trendline hit (If we break this on the weekly then its going to be a blood bath, However the chance is still small)
6. May (look @ last year, at the end of may we had a strong bull momentum.
7. Possible falling wedge (May not be, but agian this is a quick post)
8. Longs have been liqudated (Look @ BTCUSDLONGS , on tradingview, dumb money has gotten out.)
9, Many alts have also found support
10. (There are more reasons but I really dont have time today, will likley make another post tommarow in depth.)
P.S We could break the 7,800-8,100 support however it is not very likley right now. If you want a safe Entry I would say put 50% of you capital back in & put your stoploss @ 7,600. If we break 7,600 We are likley going far lower. So now is your chance.
P.S 2. THIS IS NOT FINACIAL ADVISE DO YOUR OWN REASEARCH. ONLY RISK WHAT YOU CAN AFFORD TO LOSE. BE SAFE.
Anyways I hope you guys have a awesome week. Please dont just follow me blindly & Please make sure to be careful. Thank you.
