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I also have some money left to buy around 18K. However, DCA'ing hasn't been too bad. I have been buying a little bit every week from 1st of January this year and my average price is around 26K. 🙂
I don’t think that the 11 year macro support line is a factor. It's evidently derived from only two data points, the low in 2015, and the March 2020 wick. Strong trend lines require more data points than two. It wasn’t a support in 2011, and with diminishing returns, there is no way that future price action can remain above such a steep, straight line indefinitely. Eventually, all price action would necessarily be below that line in the future, unless bitcoin maintains the same growth rate it had from 2015 to 2020. If this were drawn as a curve that had a larger number of wicks touching it, then that curve would be more believable as a trend. A custom fit logarithmic regression line might do the trick. Otherwise, I don’t think that two data points necessarily make a trend, at least not a strong one. My two cents!
TA is magic!!!!!
😜
Level headed analysis 👌 thanks wolf 🐺 keep us posted.
thanks great stuff
how exactly u decided the bottom is in???
21K THIS week 😁
Wolf knows this man knows his t.a !!!!!!!!!
👌🙏❤️☮️
Thanks wolf for keeping us updated!
First 18.5-19k then 25+
The market maybe waiting for the CME to open tomorrow as to get an idea of what price direction they're wanting to see.
Are you sure, many saying the bottom is in the last week or so.