Profile picture
Alex Krüger 🇦🇷 @Crypto_Macro
, 4 tweets, 1 min read Read on Twitter
The probability of #Bitcoin above 8000 in the near term is considerable. And so is the probability of bitcoin breaking the year lows. Miners, exchanges and ICOs will not stop selling large volumes of crypto just because $BTC made a higher low.
Given the supply & demand landscape, the probability of bottoming without a) extreme capitulation among bitcoin longs or b) a demand shock is low.

hackernoon.com/crypto-traders…
Bear markets do end in V-shaped reversals. Capitulations bring in large motivated buyers, which can lead to a sustained upwards feedbak loop.
For the sake of perspective, I am long at the moment. Short term charts look bullish. I found last week's bitcoin's inability to crash on bad news meaningful. I am no gloom monger. For as long as the landscape doesn't change, all positions are short-term in nature.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Alex Krüger 🇦🇷
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!