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RE: Bitcoin Pulls Back into Buy Zone. Do I Have the Balls to Buy?
This longterm green trend line seems to be where the bottom is every time. Bitcoin just bounced off that green line again (around the $8100). A big breakout may soon happen if this trend continues to hold in place. There's been so much great news come out, especially in several of the major alts last few days, a big breakout is coming? This area of support has a high chance of major bounce, then a major move up can follow.
Yeah, I see that long term, bullish trend line in green as the key to everything. As long as that holds, then technically we are still in a bull market. The fact that price has held above it, through the entire bearish shitstorm that we've been in since before Christmas, is actually a great sign imo.
When the bounce will come, well who knows. But I'm invested and when I'm trading, I'm only playing from the long side so I don't miss out when it does.