Of course, everyone is buzzing about Cryptocurrency this week. BTC has shattered its previous ATH as well as the psychological barrier of 20k to push into new territory. There's a degree of fear in a lot of people I speak with about this but I think this represents the start of a pretty massive opportunity.
Comparing the 2017 run to the 2020 Run
- The landscape is considerably more attractive. Buying from massive hedgefunds and corporations (MicroStrategy, SQ, etc) didn't exist at this level back in 2017
- 2017 run netted a massive ~1362%
-2020 run has only generated a fraction of this so far
- US inflationary concerns make BTC even more desirable
Indicators to watch
- The 50 EMA has demonstrated some reliability for Support/Resistance......I recommend waiting to add and seeing if we touch 50 EMA if you're trying to swing this
- If your looking for long term position, I'd just add now and not think twice
Comparing the 2017 run to the 2020 Run
- The landscape is considerably more attractive. Buying from massive hedgefunds and corporations (MicroStrategy, SQ, etc) didn't exist at this level back in 2017
- 2017 run netted a massive ~1362%
-2020 run has only generated a fraction of this so far
- US inflationary concerns make BTC even more desirable
Indicators to watch
- The 50 EMA has demonstrated some reliability for Support/Resistance......I recommend waiting to add and seeing if we touch 50 EMA if you're trying to swing this
- If your looking for long term position, I'd just add now and not think twice