Loading ...BTC at or near bottom
Buy the extreme fear. BTC is near bottom or has already hit bottom.
Not my charts. BTC is the most oversold in its history. This downward move was exacerbated by leveraged BTC and ETH forced liquidation. My conclusion is that either crypto is over or its time to load up.
I believe that we will be in recession/depression within 6 months and the FED must take its foot off the brakes. This will result in a slingshot in crypto as well as a big move up in precious metals.
One more stab down next week to 17K, imho. We’ll soon know.
Whenever an “expected low” is too well known, and too many buy orders, good-till-cancelled are on that figure, the algos will front run you.
I buy my juniors by going a little below the ask, and the order gets filled quicker.
GL
Does anyone here believe the selloff in commodities especially energy sector is not being coordinated? Just who would do such a thing,,,,Hmmm?
I’m looking in amazement at BOIL, given what’s happening with the nat gas scene in Europe.
Glad I’m not in it.
weakness was showing up a long time ago, double top
https://www.tradingview.com/x/yFXjfent/
ample time to get out was given for the natty also
https://www.tradingview.com/x/17GAMMIG/
Never touched BOIL.
But do plan to
Any recommended entries?
GL
It’s called demand destruction. The prices went way over where they should have and now we get mean reversion. Oil, Nat gas and many other (not all) commodities have topped. The global economy is rolling over almost everywhere.
My work, using GBTC, says allow another three months, give or take.