Fundstrat: Now Is Not the Time to Increase Bitcoin (BTC) Exposure

[bbc.reporter]

Is this Tom Lee's way of escaping from his $20,000 by end of 2018 prediction? I reckon it is hehehe.

Also, low volatility should be a signal to buy more, right? Why is Fundstrat discouraging everyone from buying? Maybe they want all the cheap coins for themselves before the volatility comes back hehehe.



With Bitcoin (BTC) volatility near 17-month lows and the price trading sideways in the $6,400 to $6,600 channel, some analysts are recommending investors hold-off on increasing their exposure to BTC until a clear direction is determined.

According to MarketWatch, the market strategy firm Fundstrat Global is now changing tune from its previous bullish stance, which was often circulated by the fund’s CEO, Tom Lee, when made multiple calls for BTC to reach $20,000 as recently as August.

“Investors should remain patient and wait for evidence of an improvement in ‘trend’ before increasing exposure,” said Robert Sluymer, an analyst for the firm. “A move above the September real and relative highs remains the key resistance/reversal level that will need to be exceeded to signal the early stages of a trend reversal

Read in full https://sludgefeed.com/fundstrat-not-the-time-to-increase-bitcoin-exposure/

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[Torque]

Another Tom Lee photo fail. SMH.

[xhomerx10]

Is this Tom Lee's way of escaping from his $20,000 by end of 2018 prediction? I reckon it is hehehe.

Also, low volatility should be a signal to buy more, right? Why is Fundstrat discouraging everyone from buying? Maybe they want all the cheap coins for themselves before the volatility comes back hehehe.



[~img]https://image.ibb.co/isoKPU/image.jpg[/img]

With Bitcoin (BTC) volatility near 17-month lows and the price trading sideways in the $6,400 to $6,600 channel, some analysts are recommending investors hold-off on increasing their exposure to BTC until a clear direction is determined.

According to MarketWatch, the market strategy firm Fundstrat Global is now changing tune from its previous bullish stance, which was often circulated by the fund’s CEO, Tom Lee, when made multiple calls for BTC to reach $20,000 as recently as August.

“Investors should remain patient and wait for evidence of an improvement in ‘trend’ before increasing exposure,” said Robert Sluymer, an analyst for the firm. “A move above the September real and relative highs remains the key resistance/reversal level that will need to be exceeded to signal the early stages of a trend reversal

Read in full https://sludgefeed.com/fundstrat-not-the-time-to-increase-bitcoin-exposure/

[pooya87]

Also, low volatility should be a signal to buy more, right? Why is Fundstrat discouraging everyone from buying? Maybe they want all the cheap coins for themselves before the volatility comes back hehehe.

one of the reasons why price isn't moving, volatility is low, volume is also low is because majority of investors are waiting for a signal to make their decisions for investment. so this is not really a strange suggestion by them since people are already doing this.

[davis196]

Tom Lee is a lousy trader,but his opinion summarizes everything.
The bulls have turned into bears.They want to push the price down,which actually is kinda clever.
One shot,two rabits(or maybe three).
1.They will profit in the short term by shorting their bitcoins.
2.They will have the opportunity to buy cheap bitcoins in the future.
3.A way lower bitcoin price might reduce the FUD and the regulatory pressure over crypto,which will lead to better chances for the price to explode to the moon in the next year.

[Wind_FURY]

Tom Lee is a lousy trader,but his opinion summarizes everything.
The bulls have turned into bears.They want to push the price down,which actually is kinda clever.
One shot,two rabits(or maybe three).
1.They will profit in the short term by shorting their bitcoins.
2.They will have the opportunity to buy cheap bitcoins in the future.
3.A way lower bitcoin price might reduce the FUD and the regulatory pressure over crypto,which will lead to better chances for the price to explode to the moon in the next year.

What is this? Do I hear you describing the game that the whale-cummulators like to play?

The OP is right. Low volatility is an opportunity to accumulate because there's less risk. Price stability was what traditional investors wanted, now they have it. They would be so stupid not to take this opportunity.

[bbc.reporter]

@pooya87. They advice everyone to buy when the price was high and when the volatility was crazy, now they discourage everyone to buy because the price and volatility are low.

Is that a good trading advice? I shake my head. Everyone almost certainly knows why I have been posting the pictures of other Tom Lees hehehe.

[vit05]

Another Tom Lee photo fail. SMH.

Why the hell people are always confusing his picture? LOL

But it's curious how just two months ago, many were talking about 20k at the end of the year. And now everyone is filled with uncertainty. The 7200k barrier appears to be very tough, as is the 6k barrier. We will need some really new and very good news to break up and change the mood of the whole market.

[Indrawan77]

I find it strange, when the price go down and got the potential to rise then its a good time to buy, I think that person failed to see the rising potential of bitcoin, or he planned to make bitcoin price as cheap as possible then the manipulators can create a chaotic situation, I won't take any advice from this person, we need to encourage more people to invest not too make people confuse with fud news

[brightMan]

I love these "experts" who keep saying both sides of the coin and when one happens they will say "I told you so" in reality they have talked about both sides of the coin yet they think like they are great at predicting stuff. I hate this "neither nor" talks from them.

He doesn't know anything we do not know. This dude is getting paid for being an "expert" on this subject yet he is not more right than any single person on this forum, we all can say "it will hit 20k, but be careful of the exposure" and be right about it. For example I think bitcoin will reach to 10k before the year ends, however be careful about the fact that it also may not reach 10k until year ends.