Cryptocurrency - Bitcoin - Bearish!

2020년 11월 7일

First & Foremost don't take anything i say as financial advice as i am not a financial advisor.

Bitcoin has rallied and overextended and this is common in the month of November all the way through mid December. I see us dropping soon, waiting further updates on the stimulus promised. Joe Biden is elected so i see price pumping a little before a dump. President Biden is looking to increase the Stimulus amount which will be a short term bullishness for bitcoin.

Long Term - From 2020 - Early 2021 - Bearish (People will take profit soon and wait for a retrace)
Short Term - Bullishness for this year (Waiting Updates On The Stimulus Package)

Long Term - From Mid 2021+ - Bullish (Don't get me wrong i'm not bearish overall on bitcoin, i believe it'll surpass previous ATH as more adoption continues)

Look at the bright side... You'll make a lot more trading alts as Alts will go ballistic this year. For example... YFI went from 9K to 15K in a few days.

Have Fun & Enjoy!

If you think anything different.. feel free to comment or PM me.