Wall St Cheat Sheet Says Bitcoin (BTC) in hopium phase
This is just for fun. I'm predicting we are in the hope phase of the Wall St Cheat Sheet.
If you think about it. That describes what everyone is doing...hoping that BTC is adopted by more people and moves into the next phase (optimism).
I do not believe BTC is crashing. We might have even seen the yearly bottom put in after it found support at the bottom of the channel it's been in.
Bitcoin looks very healthy and in an uptrend. The trend is your friend until the end.
Traditionally, it's been the best time to buy at the bottom of the channel. Usually though nobody does because it feels like it's going to fall off a cliff.
If you think about it. That describes what everyone is doing...hoping that BTC is adopted by more people and moves into the next phase (optimism).
I do not believe BTC is crashing. We might have even seen the yearly bottom put in after it found support at the bottom of the channel it's been in.
Bitcoin looks very healthy and in an uptrend. The trend is your friend until the end.
Traditionally, it's been the best time to buy at the bottom of the channel. Usually though nobody does because it feels like it's going to fall off a cliff.