Reasons why I believe this is a reversal
- Triple Bottom, technical and fundamental (went 3 times below the cost of production of BTC)
- Increase in the intrinsic value (adoption, evolution of technology, LN for example) of the BTC in the last 3 months
- Consensus effect
- Eminent crash in the stock market
- Financial crisis (public debt and political instability, devaluation of the euro)
- Need of refuge
- Market psychology in the state of depression (confirmed)
- Increase in liquidity with stable currencies
- Divergence of RSI, MACD
- Higher bottoms
- Increase of the price of gold
- Early stages of a divergence between SP500 and Bitcoin
- Trade Wars
The coin i am more higly invested is Steem. I believe is the one that has more potencial. Relation risk reward
Stay safe when investing
Regards!
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Good points. It has to rally after bottoming and holding the 7000 line.
Let´s hope it continues high
✅ @duarte9sousa, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!
Please also take a moment to read this post regarding bad behavior on Steemit.
Atão e falar tuga, para começar a juntar a comunidade?
Tens razão! Não tinha ideia de quantos portugueses havia na plataforma. Vou ter esse cuidado, já vi que existe comunidade.