Is Bitcoin bottemed? IMO is NOT

4 באוג׳ 2022

I see a lot of traders and analysts calling for a bottom for BTC, but...
Yes, if you look at the chart it looks like a bottom, we have a solid base under 20k and some higher highs and higher lows after, but looking closely we can see that there is no power and BTC still has to clear 25k for a more clear bullish picture. Also, the trend for the past 10 months is strongly bearish
More... if there is something that I've learned in 20y of trading is that in trading (more often than not) " If it walks like a duck and quacks like a duck, IS NOT A DUCK!!!!"

And one more thing, ask yourself this:" Would BTC stay for 2 months in one place (more or less) for us all to buy and sell it at 100k?", Hmmm...

P.S: I'm in a buy position also at this moment, but if it goes under 22k I will kill it like a bug