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Crypto Analyst Going Long on Bitcoin (BTC) at $8,000 As Ethereum, XRP, Bitcoin Cash and Litecoin Follow Dip to Crucial Support

 

Crypto analyst Jacob Canfield says he’s gearing up to go long on Bitcoin.

In a new video to his 54,000 subscribers on YouTube, Canfield says he recently closed his short on BTC.

He believes buy-side volume will begin to pick up if and when BTC flirts with a critical level of psychological support at around $8,000.

“Right now, I’m a mini bull. I want to say that with a grain of salt. I was publicly bearish around $9,900. I just closed my short around $8,150. I think it’s a little late to short right now…

I’m long from the $8,000 level. I’ve got a nice little wick entry, but my stop loss is pretty tight. I don’t feel comfortable about holding if we break this level right here which is around $7,910. If we break that level, it’s really…

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