Seems like a good spot to be buying...
Are you buying here?
Bitcoin looks to be in a good spot here...
Check out the chart:
(Source: https://twitter.com/rovercrc/status/1558488046504271873/photo/1)
Historically this was one of the best times to buy bitcoin.
Are you buying right now as well?
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Upvoted! Thank you for supporting witness @jswit.
I feel this would be the worst place to buy, all altcoins at their resistance also nothing seems bullish in the long term right now. Just a bull trap I feel going on in the bear phrase.
A very big bearish flag.
Once breakdown ( which I feel could possibly happen after touching $25500 ) we might see lower lows drastically.
That's why I might suggest this could be most riskiest moments to buy. Don't fall into some bullish momentum.
Good points here. I think the idea to buy is based on a longer term time horizon, something like a couple years. Meaning that if you buy here the price is likely to be higher over the next couple years. On a much shorter time frame, yea you could easily get a better entry possibly.
Yes over the long course Bitcoin is bullish, just to get a better entry points I feel waiting would be current best option. Just a doubt I have is indicators are currently all oversold or showing bullish signs as you have posted, confused whether trust should be on indicators or price action. Any opinion?
Again, it just depends on the timeframe you are looking at. Most of the charts I follow are telling me we may get a pullback here soon, but I don't expect those prior lows to break, meaning this next pullback is the one you want to buy.... I don't have a crystal ball anymore than anyone else, but that's what I am seeing as the most likely scenario at this point.