BITCOIN STILL BULLISH. BUY THE DIP ON TRENDLINE
Do you believe in the strong trendline that has been holding up since December 2019? The blue trendline is a strong meme that has been respected.
Price correct down to 6.5K which is the 0.618 fib meme line and had bounced up to 10.5K. And now it's making a healthy correction back down to 0.5 flib meme line at $8500. You know that technical analysis is self fulfilling prophecy -- if everyone knows the same meme, they'll act on it (that's why trendlines and horizontal support and resistance lines work)
So yes, I'm LONG between 8.5K to 8K where the meme blue trendline is because it's nice, thick and strong. Hold the BTC with strong hands. Nice and solid. Keep up with the strong hands buddy!
Price correct down to 6.5K which is the 0.618 fib meme line and had bounced up to 10.5K. And now it's making a healthy correction back down to 0.5 flib meme line at $8500. You know that technical analysis is self fulfilling prophecy -- if everyone knows the same meme, they'll act on it (that's why trendlines and horizontal support and resistance lines work)
So yes, I'm LONG between 8.5K to 8K where the meme blue trendline is because it's nice, thick and strong. Hold the BTC with strong hands. Nice and solid. Keep up with the strong hands buddy!
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