Bitcoin Gold (BTG/USD)&#x27;s Cup &amp; Handle Pattern is VERY BULLISH!!

scorer (58) 7 years ago (edited)

I guess we need an update on this massive correction.

now I better understand what Haejin said he wants his money out in cash when the Bitcoin crashes
and I understand that altcoins are nothing without Bitcoin
there are a lot of newbies who can be easily manipulated by big cash bags

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grizgal (55) 7 years ago

not really that big a correction. Down 7% on last 24 hours and approx 20% on peak. Wait till you see an 80% correction (bitcoin has had 5 so far). This one appears huge because it was so quick.

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11 votes

tokyoin (49) 7 years ago

Weak hands fold easily...lots of weak hands this week. ;)

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indurkin (48) 7 years ago

What are your thoughts on this epic dump?

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2 votes

adamyonas (32) 7 years ago

Im scared I dont understand why most alts are plummeting :( even btc what is happening?

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diverse (52) 7 years ago

Could be simple FOMO - Fear of Missing Out - you’d be surprised how many people will go buy high because they think it’s time for BTC “to the moon”

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shawnster (47) 7 years ago

This is Wall Street not small investors ...they are doing this to scare everyone out just like heajin said in his morning briefing...don't worry..they don't want this to die, they just want lower prices and for the weak people to sell...hold on tight

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indurkin (48) 7 years ago

Obviously orchestrated

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diverse (52) 7 years ago (edited)

It could definitely be market manipulation. There’s something refreshing about listening to Haejin’s analyses and tuning out some crypto “talking heads” but maybe I’ve been tuning out the community too much. I trust Haejin’s mid- to long-term analyses on the alts I’ve purchased and believe they will recover nicely. This can be considered a “fire sale” to buy alts at a low price

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indurkin (48) 7 years ago (edited)

I was actually watching bitstamp for a while there, a few months ago I probably would have panicked, but it never entered my head to sell anything this time. I'm not one for staring at the trading window admittedly but that amount of selling in so short a time is a new one for me, though I am a bit of a newb to be fair. Interesting to watch.

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2 votes

adamyonas (32) 7 years ago

thanks guys for calming me down i saw -20% almost everywhere i was going nuts lol

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indurkin (48) 7 years ago (edited)

Happens regularly, it just usually takes a little longer. It always bounces back stronger than before. Watch haejin's videos, he explains these price movements very well.

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tokyoin (49) 7 years ago

Some say it's not manipulated (eyeroll)

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2 votes

sukovsky (28) 7 years ago

Big dump. Alts came along...Is your analysis still valid?

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cryptosuf (51) 7 years ago

Thanks!

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tokyoin (49) 7 years ago

There's a reason why is called Gold:)

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minnowpond (62) 7 years ago

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positivechange10 (51) 7 years ago

@minnowpond can i send you steem for upvotes? I

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ivandex (22) 7 years ago

Wow, to much to learn from this day ! This is classic. Lets go back to the first lesson... Fear and Greed ! Dont be scared, be brave and look destiny right in the eyes ! All the best to all.
sorry on my english

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