Bitcoin Bottoms As Gov Shutdown Ends & Trump’s Stimulus Plan Takes Shape!

On Bitcoin

Guest Mike · not counted as The Wolf Of All Streets' view.

Views

• Next weeks (next 2–6 weeks): Leans down: I think we're more likely to be back down in the air, which is below 94. It's just this is where things are leaning now. ▶ 46:39
• This cycle (next 6–18 months): Leans down (timeframe is our reading): I can easily see it you know just a normal draw down that's be five on someday that happens and you go back to 50 grand and then reset everything. ▶ 32:59

Levels named

• 110k: Resistance (Bitcoin is below its 200 day moving average and needs to close above 110 to show strength): to me, it's now Bitcoin is below its 200 day moving average. Show the beef. Show me strength. It's got to close above 110 and stay above there for show me the indicator. ▶ 13:35
• 94k: Target (more likely to be back below 94 than above 110 by year end): I think we're more likely to be back down in the air, which is below 94. It's just this is where things are leaning now. ▶ 46:39
• 50k: Target (normal drawdown and reset after peak bull market signs): I can easily see it you know just a normal draw down that's be five on someday that happens and you go back to 50 grand and then reset everything. ▶ 32:59

Their own position: Not said.