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RE: 📊 Bitcoin is DUMPING
Wow, I'm surprised to hear that. Ever since the end of the G20 summit I've heard a LOT! Progress with regulations, major individuals investing, major banks and payment providers partnering with crypto, major economic powers (such as the EU) adopting a progressive stance towards crypto. ANd similarly, far less FUD.
Mark my words, this market is warming up it's engines, it's ready to takeoff.
I agree with you on the market is warming up, but we are not yet at the point where takeoff is imminent IMO.
The big financials want to keep price low as long as possible so they can load up down here. Many bitcoins are still in private hands, and they want to shake out as much as possible.
A big part of EU and G20 countries are not yet finished with their regulation, and think we will see a lot more volume in the market.
What is most important is the technical details of bitcoin, and adaption of segwit and lightning network rolling faster and faster is what will break us out of the bear market for good. Bitcoin IS an unstoppable beast already, and the regulations is of concern only for the users, not the chain itself.
I can respect that assessment. I'm a little more bullish (obviously): I think that this is the start of the bull run again, and that the points you mentioned will just accelerate that in future. Acceleration will continue for a long while to come, as I discuss in here: https://steemit.com/cryptocurrency/@bitbrain/bitcoin-price-predictions-chart-display-part-3-the-s-curve-more-good-news
These technical analysis of Bitcoin now is hard. Todays rise still build the bear flag, but it has also broken bollinger bands on the daily chart, for first time this year.
I too am starting to turn very bullish here.
Forget the short term TA, it's about as good as weather prediction. But long-term, that is far more accurate. Did you read that post I linked to?
Long term is more like this:
But this is nothing to trade after, then you just buy. To trade you need weather predictions.
True. I only really trade long term. Short-term traders mist struggle is such a volatile and fickle market. I don't think I would like to take that risk.