$BTCEUR bullish case till end of February 2021

2021年1月12日

Strong bullish case with a huge inflow of retail & institutional investors still happening. The mainstream indicator "should I buy bitcoin?" from your quasi-trader friends is significantly slower due to COVID-19 social restrictions. RSI & Stoch indicators have taken a bit of a breather with the black monday of 11/1/2021. On this date 325k bitcoin exhanged hands and we experienced "only" a 30% drop - nobody said its going to be a straight path up and those who expected continues and consistent gains were wiped out by funds and whales dumping their positions at all-time highs. Thus we are ready for another leg up and we continue from there. Looking for confirmation with a strong daily and weekly close above 30k EUR.

Other:
+BTCEUR is proving to be a much more liquid market than 2017
+Plan ahead of time and stick to your planned trades
+Expect a disaster wick, hope for the close in the right direction - hedge your positions accordingly

*Not trading advice*