Bitcoin And The 144 Day Moving Average
Bitcoin still rules the cryptoverse, as Bitcoin goes so does everything else. There are cryptos going up and cryptos going down but overall in the cryptoverse....... it's consolidating.
Bitcoin has the probability of tagging the 144 day moving average and right now that's the $10,000 USD area. Just look back in history. As this happens, there'll be all kinds of fear spread and then everything else will go down until the buyers step in and prop it up.
The last screen shot indicates the possibility of the price tagging the $7,500 USD on the daily bar still within long term bull market activity.
Ya would suck for the people that bought high, that's what happens when the masses get into the euphoric state.
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I think is time to move on and keep an eye in others cryptocurrencies and proyects (Just my opinion)
You're correct........It's the Tokens that hold the future value but at this point in time Bitcoin is still the mega guerrilla in the room. Ethereum went up only because of the people buying the currency to buy the tokens in the months ahead.
this is making me so nervous that when to hold and when to sell. i bought at high
At this point Bitcoin is consolidating, but it's the tokens that are the big thing.
Been telling people for several months that a scenario where we see 10K is possible. People will go nuts if we drop there. I'll be prepared to buy alts :-)
10K Bitcoin would certainly make waves across cryptoland and all boats rise and fall with the same tide. Would be a great setup if everyone was negative.