Thread by @willposk

I don't think we are in #bear market.
Here is my daily take on the #btc #bitcoin chart
Thread below🧵👇

(adding @MMCrypto thumbnail as it seems to work well at grabbing attention 😅. Big love MM, big fan!)
#cryptocurrrency #crypto

Pls RT/share if useful

1/ THE 4HR CHART = SHORT TERM🐻

In the short term we will go a bit lower, as the the 50 day moving average continues to move away from the 200. No golden cross is forming (yet).

2/ THE 1HR CHART = 🐻

The 1HR looks pretty bearish too having failed to create a golden cross

3/ MAYER MULTIPLE =🐂

Mayer Multiple indicates we are now in a buying opportunity. Last time we had this for a sustained period of time, we where in the 30s. IMO this is bullish because the floor is way higher than the summer & i don't think the cycle is over (see next point)

4/ EXTENDED CYCLE = 🐂

I am huge fan of @intocryptoverse who has been calling for an extended cycle for most of the year. In the short each cycle has extended & this one is no different. Hugely BULLISH

5/ FED = UNCERTANITY

I personally believe people are waiting for the FOMC meeting this week. To see whether they increase #tappering to reduce #inflation.

If they don't, we go higher, quickly

finance.yahoo.com/news/federal-r…

6/ CONCLUSION

-I think we may go lower near term looking at indicators.
-But long term we will go higher
-Good time to DCA in, in small amounts.

7/ WHAT AM I DOING?

Lightly DCAing but have bigger orders set at low 40s.

If you're interested to know how i trade, here is free thread of great info.

Pls RT/Share and tag someone if you found it useful. Trying to build a helpful community here.

8/WHAT AM I NOT DOING

Going to shill you a lot of shit coins in the current market, wait for now. Many #ALTs will crash!

I will tell you to follow good people though like
@TechDev_52
@WClementeIII
@TheRealPlanC

Lets go!