Per classical TA, this is a textbook buy

12 Jan 2021

Doesn't mean it HAS to play out, but, per classical technical analysis, this is a no-questions-asked buying spot. We have a clear and massive bullish divergence on the 12-hr chart after a healthy pullback in a parabolic uptrend. It's really very simple and clear. Again - it can ALWAYS go the other way, especially because it's Bitcoin. But... if you know and understand technical analysis, and if you trade robotically and not according to gut feelings or weird conspiracy theories or wild guesses on big fundamental issues like politics or the world economy or obscure indicators or greed/fear gauges, etc... this is a buy.