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Author Topic: Bitcoin bottom is gone, last chance to buy incoming  (Read 417 times)
atookz
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Today at 03:18:56 PM
 #41

No explanations are required I guess, Bitcoin will retest the 200W Moving average and then there will be no chance to buy Bitcoin below this price in the whole cycle.
I wish each one of you, a happy bull run ahead. Cheers, see you soon with another chart.



Thanks for sharing the chart OP! One observation I made is that the orange line on the chart is the 200 SMA on the daily time frame ($71.9k), and your post mentions the 200W MA. However, as I see it, they are two different indicators, and the chart doesn’t really support the 200W retest idea yet. Which one do you mean? It would be nice if you can explain the reasoning to those of us who aren’t as used to reading charts.

I also agree with the others here that last chance to buy is a pretty strong statement. It appears to have formed a nice base at $58k in June/July and has jumped above the 200 day SMA, which is a positive development. But some already commented that it is not an impossibility to get a wick back down to the $60k area and I suppose that is correct. Having a bottom in place doesn't necessarily equal the end of the bear market, and the market has fooled us many times over.

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Today at 06:25:52 PM
 #42

Aggressive buying begins this week  Shocked

The chart is well presented, and the analysis should be right. Before I came across this post, I had already prepared myself for the next market trend. It wasn't the bear market I had in mind, but rather the bullish trend. I'm happy that the chart is doing justice to my predictions instead of contradicting them. Time to pack as much Bitcoin as one can get before the market swing.

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