5 reasons why Bitcoin is near bottom

Mungerism
2022-06-20

Master trader Gareth Soloway recently tweeted 5 reasons why Bitcoin is near bottom. 1. Perfect measured move (note the chart). 2. Stops and weak hands flushed out below $20,000 (classic market action). 3. Extreme oversold condition (RSI 20ish). 4. 10 year yield likely topped (risk on), 5. Dollar likely topped (risk on). Please always DYOR first.

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Comments

  • Maria_yy
    2022-06-21
    Maria_yy
    Nice post, it's worth sharing with my friends.
  • BurnellStella
    2022-06-20
    BurnellStella
    Maybe we can actually cash in on a bitcoin rally.
  • LouisLowell
    2022-06-20
    LouisLowell
    Bitcoin is still in a downtrend, so watch out.
  • DonnaMay
    2022-06-20
    DonnaMay
    His reasons are all sound.
  • BellaFaraday
    2022-06-20
    BellaFaraday
    The dollar index could rise further.
  • SnailWalker
    2022-06-20
    SnailWalker
    [serious] [serious]
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