Bitcoin vs Amazon?
SUMMARY
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You may want to add the 200 ema on the weekly BTC log chart. It reveals an interesting interaction with the price and white trend line.
Thanks, yes, the ema can add signals. But i prefer not to use and relay more on EW and patterns.
BTC > AMZN
Problem with crypto is that the market is exhausted, ie. many have lost or are still holding with 90% loss. Institutions are still looking at it from far away due to lack of regulatory clarity, lack of interest etc.
It will be long recovery but don't exclude at least one more big drop.
True. But for an average long time hodler, this is a good time to average out. I could never have bought a few BTCs or a few ETHs. it's actually becoming a possibility now. I have no regrets for this crash. Really grateful that we are oversold.