BTC: Lots of fear out there means great buying opportunity.
You can sense the fear out on social media regarding BTC. This is the perfect back drop for a wave (4) low. The A-B-C correction of the past few weeks has shaken the confidence of many, but in reality this falls within a parallel channel that BTC has been in since the March '20 low. As BTC goes higher and higher, the swings feel larger but percentage wise, they're not out of the ordinary. I believe a few months from now, we will look back and see that this was a great opportunity as we kick off wave (5).
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DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
If you found value in this post or you've been receiving receiving good value from my posts, I'd appreciate a Thumbs Up and a Follow if you haven't already done so. Thank you.
DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
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It's a blood bath out there, but HODLers doing just fine. And check out the Bitcoin dominance, BTC.D. After getting crushed this year, Bitcoin dominance is making a huge comeback.
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The past 3 weeks or some has seen the highest level of fear since the Mar '20 low. Check out this site for a crypto fear index: alternative.me/crypt...ear-and-greed-index/ ... This is how bottoms are made.
