cryptotheorist

Bitcoin Forecast

Long
COINBASE:BTCUSD   Bitcoin
I've seen a lot of people posting doom and gloom and not a lot of charts that I think are spot on. My analysis - we descend to the ascending trend line in the next few days and then bounce. I've talked about this for a while. Fundamentally, we lack reasons for a continued descent. Catching falling knives is dangerous, but selling here would be a crucial mistake. Manipulation to force the price below the upward trend would be painful, but not long term.
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