DavidJDM

BTC bottom is in? Time to long?

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COINBASE:BTCUSD   ビットコイン/米ドル
Could 28k be the bottom?

I mean, china usually bans BTC and then it pumps after that
There is a lot of FUD and many people are expecting a 20k btc.
Is it possible that china and the whales have already started buying btc back up?

Now to TA:
A lot of short term bullish indicators
We broke out of a falling broadening wedge which was caused by an inverse head & shoulders
We haven't hit the target for the inverse H&S yet and it seems like we are creating two double nested bull flags

I do think there is a possibility where we drop from here a bit but, BTC looks like it wants to move up from here
Could be a good LONG trade to take

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