Buying now may work out very well over the next couple years...

in bitcoin •  2 years ago 

Some things are lining up indicating now is a good time to buy for the next two years...

There is a ton of pain out there and prices keep going lower, however, if you zoom out, now is a good spot.

Based on past RSI patterns, the bottom is likely near where we are right now.

Check it out:

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(Source: https://twitter.com/AurelienOhayon/status/1528929452767514627/photo/1)

Keep in mind that the RSI chart won't look that much different should bitcoin drop to $25k or even $20k during this latest downdraft.

So, this may not be the exact bottom, but if you are zooming out for 2 years, we are likely close.

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I am looking at the dip as a buying opportunity.

I wasn't thinking of $20k downdraft. This is a wakeup call.

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Yup! It does look promising! No more dry powder!

#Bitcoin movement from a #foreign site...