Since April 1st, Bitcoin had some pretty impressive "Gainz" from $4000 to $9100 in the last 60 days.
So the question is, Would you buy now? š¤·āāļø
When Bitcoin was around $3,150 - $4000 for a few months (Nov. - April), why didn't most people buy then? Did they think it was overvalued?
Maybe they thought it would go lower so they can buy it much cheaper. Each person has his or her own reasons.
So where do we go from here?
Like I stated before, the charts still look Bullish as I write this (short term) but knowing Bitcoin, all that can change by Tomorrow.
We even seen Bitcoin drop to $8000 and rise up back to $9000 then drop back down to $8500 in a few hours couple days ago. Crypto is so Crazy. š
I'm looking at the charts and its saying that Bitcoin "wants" to go test $9,100 again or even higher in the $9,000's levels.
However, Look at the charts above. Doesn't it look like Bitcoin went parabolic In the last 60 days? It looks like like a damn shooting star. š š
I'm looking for Bitcoin to have a nice pullback (correction) pretty soon.
I don't like to do predictions but a good retrace back to $6000-$7000 levels would be nice (to test that huge support and the .382 FIB at $6800).
Shit, I be happy if Bitcoin can retrace back to $4000 once again. Many people say that it can't happen but theres a small possibility that it can.
Bitcoin tends to have a minds of its own and can do whatever it wants. It can even shoot to $10,000 or even $12,000 in a blink of an eye without any reason and then have a nice huge correction.
Only time will tell...
So to answer my question, would I buy Bitcoin right now? My Answer Would Be "NOT Right Now".
If I miss the boat, I would be ok with that. I like to buy things only on a discount when no one hardly wants it. (AKA Huge Red Candle Dildo on the Charts). š
I'm a huge believer in Bitcoin and believe that one day, it will be a storage of value like gold (not so much as a means for purchases).
Stay Safe, Invest Wisely and Keep On STACKIN! š¤ Charles FuchsFor those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
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