BTC Run could just be starting
Of course, everyone is buzzing about Cryptocurrency this week. BTC has shattered its previous ATH as well as the psychological barrier of 20k to push into new territory. There's a degree of fear in a lot of people I speak with about this but I think this represents the start of a pretty massive opportunity.
Comparing the 2017 run to the 2020 Run
- The landscape is considerably more attractive. Buying from massive hedgefunds and corporations (MicroStrategy, SQ, etc) didn't exist at this level back in 2017
- 2017 run netted a massive ~1362%
-2020 run has only generated a fraction of this so far
- US inflationary concerns make BTC even more desirable
Indicators to watch
- The 50 EMA has demonstrated some reliability for Support/Resistance......I recommend waiting to add and seeing if we touch 50 EMA if you're trying to swing this
- If your looking for long term position, I'd just add now and not think twice
Comparing the 2017 run to the 2020 Run
- The landscape is considerably more attractive. Buying from massive hedgefunds and corporations (MicroStrategy, SQ, etc) didn't exist at this level back in 2017
- 2017 run netted a massive ~1362%
-2020 run has only generated a fraction of this so far
- US inflationary concerns make BTC even more desirable
Indicators to watch
- The 50 EMA has demonstrated some reliability for Support/Resistance......I recommend waiting to add and seeing if we touch 50 EMA if you're trying to swing this
- If your looking for long term position, I'd just add now and not think twice
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