Long-term TA trader “Mr. Anderson” has taken to Twitter to share his take on Bitcoin’s latest bump in the road.
$BTC Daily$BTC has certainly had the bearish bouncing ball look to it. Moreover, sub 10.2 prices are more susceptible to dumps— Mr. Anderson (@TrueCrypto28) September 10, 2019
However, $BTC has some Dynamic friends that have always SPRUNG it in Macro Bull markets & have always SPRUNG on 1st test exiting the BULL
See charts pic.twitter.com/JznEO3xXbr
According to CoinMarketCap data, the price of the number one coin by market cap has fallen by more than two percent over the last 24 hours. BTC is holding on for dear life above the $10,000 level at press time.
However, Mr. Anderson doesn’t want Bitcoin traders to be distracted by this noise, so he presented his macro analysis that spans BTC’s price action since 2013. Even though there is a high probability that Bitcoin’s failure to print a daily close above $10,200 will lead to a market dump, he insists that there are “dynamic friends” who always put Bitcoin back on its feet right after each serious correction.
There is a decent probability that the scenario will play out this time around.