$BTC Long-term/investing this is a pretty good spot to be buying. Invalidation is closer than it was before. As well as below 5k! Better to buy after a uptrend on the retracement.
Ngl would be funny if this is the top for $btc either short term or long term. Could be ptsd from when futures launched. Also 1w chart looks like a bounce from the lows as well as hitting .618 retracement. Look, I don’t like to be a bear but I’m just saying what I see🤷♂️
This reminds me of capitulation from march 2020, different scenario however. Not trying to catch a falling knife but there is opportunity within the next couple of weeks for sure. It will take time but crypto will come out of this as it always has.
Lately I’ve been excited about markets again, guessing because volatility is back, also because btc is getting cheaper. Normies, hedge funds, companies getting washed out by the market. The time to invest is soon approaching, don’t let these doomers influence you!
I think we sweep below last months low this month and then we bottom. If we get a strong buyback below previous low, we indeed bottom. Not to mention all the forced selling from cefi and hedge fund blowups. I just think the time to buy is coming up this summer