Bitcoin 10,679. 01/23/2018 9:45 PM
QUALIFIER: DON’T PUT ANY MONEY INTO CRYPTO THAT YOU CANT AFFORD TO LOSE IN A DAY!
I’m initiating a Buy signal on Bitcoin.
Looking at a 1 year chart it appears to be at or near long term support. (Trend line support)
It got overbought and pulled back. That’s what things do. That’s what stocks do, do we really think Crypto would be immune to standard market fluctuations?
It is all based on fear and greed. Short term and even medium movement is *all* based on fear and greed.
Long term, the question is whether you believe Blockchain technology and Cryptocurrency are here to stay.
If you do, now is the time to throw your toe in.
If you don’t, I’d say still throw in your “drinking money” or your “3rd pair of sneakers money” or your “weed money.” (This is a general message, no aspersions on anyone here, Lol!)
But really, if someone can spend $100 a week on weed, they can put $100 into Crypto.
Buy signal on Bitcoin. It has pulled back to support.
It will now make a long slow climb back to 19,000 where it will abruptly stop, go backwards sharply, then continue to climb.
Of course, long and slow is relative when you are talking about Cryptocurrencies.
Any dips, dollar cost average in.
BUY SIGNAL ON BITCOIN!!!