Bitcoin Price Chart Shows ‘Huge Bull Signal,’ Says Tom Lee

in #bitcoin6 years ago

The second positive signal is that when “Bitcoin is trading 30 percent below its 200-day it’s a huge bull signal because … if you look forward six months you’re gonna do pretty well owning Bitcoin.”

This article is music to my ears, hope you share his opinion. He makes a lot of sense to me, I'm a buyer, was waiting for a pullback but decided to just average in when it broke out over $7000. There could be a rush to get in from people that were waiting on the sideline trying to get in at a lower price. We'll see....

Read the full story here...
https://bitcoinist.com/tom-lee-bitcoin-price-huge-bull-signal/

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@onthehook8, I do not understand anything written

If you want to prove that the Earth is flat, you will do it.

Probability of making money is over 90% within six months, if you buy BTC when it’s trading around 30 percent below its 200-day moving average.
Tom Lee

The article is saying the bottom is in, and I'll add, hope the rally doesn't catch you with your pants down.... :)

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