kholzrpi

I'm Long on Bitcoin

A chart says a 10,000 words. In this case - we are looking at an inverted bitcoin chart, log-scale... we have two potential outcomes here. I'm leaning a tad bullish based on good fundamentals (Bakkt exchange launching in Nov w/ bitcoin settled contracts, Bloomberg & Fidelity crypto conference next week) and better market sentiment. Technical show us very clearly which levels we need to break (in either direction). But I wouldn't be surprised if whales try to fake out a bunch of retail traders before the major move. Therefore - I'm going to label this Long. I hope I'm right... I don't like to be wrong.

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