I need to learn how to write better dangit.
im sorry, what was that I missed?
sold it all at 3600 trying to load up on that 1k hype then bam, the 4k pamp
We have seen a 50% drop in 2weeks, this is just a 5% bounce, if bulls get over 12EMA then there is a real fight.
People are now liking the fact that it’s dropping but be careful how deep you jump on the downtrend.
Just look at what major institutional investment funds and firms are doing, with respect to cryptocurrency, currently.
…… to name just a few.
@Lennytrader Your gonna need some of this,
Good luck out there bro, we’re fucking surrounded
Its like he’s saying:
“So you’re robbing me? Well go ahead, see if I care.”
I think we all said all the way “don’t put in money you’re not prepared to lose” so I’m not bothered either way.
I got in when BTC was at $3 and got out when it was at $50. Then got in when ETC was at $18 and it’s still way up from there - so it’s all good.
I’m into crypto for many reasons, so the financial ones I’m happy to make long term rather than caring about the prices every day.
You cant fight the Bear jizz with a simple bottle of repelent
Anyone have that Vince Mcmahon bitcoin chart gif?
Seems BTC wants to test the 4.5k - 0.786 fib lvl, could this be the 3-4 EW leg?
I think its the smart money moving in to drive it higher before crashing it down to 3k again. I am sure this is not the last time this is going to happen.
If you look at the smart money series through the fantasy trading site they go into this theory, The current level fits exactly in with the fib retracement off the major dip last week.
yes, I’m still confident this can be the 3-4 EW stretch, many others will use the first price increase to get the F out of this market, creating the 4-5 wave and potential bottom.
Possible Scenario ?
The lower line is a clone of the one inside the head, though it seems bigger due to LOG scale.
At this situation of the market. I’d say that could be the HnS pattern. But who know, it’s a bloody cryptomarket
if i get rich on bitcoin im going to sell it, become a TA expert then call for 1k BTC so I can buy back in
Thank you my friend!
If this is a real bull run with some legs it will:
- Last over 24 hours
- Bounce off major moving averages on its way higher. EMA12 for hourly right now is $4,042
This is a welcomed relief rally upwards for bitcoin and other alts! I would say though do not FOMO into a position here, give it 24 hours if you’re after a position (unless you’re confident trading this).
Here is one setup I have noted if you would like a bullish scenario short term: $4200 NEEDS to go down first.
Bulltrap ? Damn my fiat was ready for 3k btc