BTC daily chart analysis (amature hour)

This is my guess for BTC on the daily chart barring any major manipulation. We're probably going to drag the bottom a little longer before seeing upward momentum in early Nov. Less likely is that it breaks down and we may have to wait until Feb.

Constructive criticism welcome. =)

PS You probably shouldn't listen to me at all. I literally have no idea what I'm talking about. ;)

Commentaire:

I still am sticking to this chart. I think we already bottomed out and I plan to buy the dips because the lows are going higher. However I think there will still be another opportunity to by close to the bottom before November, when probably there will be significant upward momentum after the ETF is approved in early Nov.

From a political stance - (where I'm not an amateur )it will almost certainly be approved for Bakkt as the SEC has been gatekeeping for Wallstreet insiders to get their shit in one sock. (Crony Capitalism is predictable.)
The only wildcard is this newly activated whale wallet probably belonging to a bank/govt/central bank which will collude with Bitfinex- this can be used to hold the ball underwater while the big money fills their pockets. Considering this, I'd use caution, especially when selling.
Still I think this is a great time to buy.

PLEASE don't take this as financial advice. It's just my unqualified opinion.