Mid-Day Bitcoin Update - Nothing Unusual Happening
This is a quick update just to add some sanity to what is currently happening with Bitcoin.
First of all, the market isn't suddenly doing anything out of the ordinary (yet). If you follow my daily Bitcoin Blog, you'll know that Bitcoin has been following a descending continuation trend for the past month, and as of this time, Bitcoin is still inside this trend.
While I cannot predict the markets any better than the next person, There's no reason to panic now, or at any point in the next 6 months. Bitcoin has reached its 3rd all-time peak, and now we are in a cooling off period, and that includes most of the market.
The chart speaks for itself really. I warned a couple days ago in my blog about the down wicks being a nuisance, and that's just what's happening so far.
I'm not a time traveler though, and a golden rule of market speculation is that profitable patterns generally don't repeat themselves, and if they do it's because few people are aware of them. In the case of cryptocurrency, I believe too many people are watching the 5 minute, 15 minute or 30 minute charts, and the more you zoom in, the harder it is to find trends and see any patterns.
Zoom out a little and find the trends. The further you zoom out, the more predictable the prices become. No one knows anything for certain, but if a coin flip is 50/50, you can tilt the odds in your favor by seeing the bigger patterns, almost like adding a weight to one side of the coin. you'll still lose some, but not by 50/50 chance.
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thanks for sharing. i learnt from it
thank you for the post, I look constantly at your scale, your news is the best briggsy
Thanks a friend for the information, once again I support your post.
thanks for sharing. but one this is "d crypto space defies prediction"
thanks u this post
Maybe bitcoin is taking a break for somedays sir 🙂
extraordinary description of your explanation @briggsy
Thank you for your sharing and videos really help me,
According to presiksi you this will happen for how many months in the future.
Right I loved this information I think everyone should be very calm, because if we go back a year, in January last year the bitcoin if I'm not mistaken was in 1000 dollars and currently worth 10 times more and as you say in the post reached 3 historical of more value is stable and will continue to grow because it is the number one by much of all the more than a thousand crypto coins that are in the market greetings friend
Great post with very excellent information greetings friend