No, I'm not a permabear!!
BULLISH thought + Opportunity to load up on cheap Bitcoin before annother massive bullrun.
Looking back at price action in September of each year, there have been 2 years that Price > Daily 20 > Daily 50 on Sep 1 ... 2017 and 2020
During those years, during the month of September, Bitcoin fell to retest the Daily 200 MA, then went on to skyrocket 550% within the next ~100 days
If the same happens this year, we'll retest the Daily 200 MA at 42K and then enter a bubble that would reach $275K within ~100 days
BULLISH thought + Opportunity to load up on cheap Bitcoin before annother massive bullrun.
Looking back at price action in September of each year, there have been 2 years that Price > Daily 20 > Daily 50 on Sep 1 ... 2017 and 2020
During those years, during the month of September, Bitcoin fell to retest the Daily 200 MA, then went on to skyrocket 550% within the next ~100 days
If the same happens this year, we'll retest the Daily 200 MA at 42K and then enter a bubble that would reach $275K within ~100 days
BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.