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RE: Bitcoin (BTC) Morning Update: ABC is still on

in #bitcoin • 6 years ago (edited)

Thanks as always for the value to the community. Is the 13k resistance line not the real problem? Personal i think the A-B-C correction could be in play, there is away to many bearish traders around, wanting and expecting $4000 area.

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Personally i am happy with my portifolio and over last few weeks the greed and fear has left me, eventually im realising that it all about investing in projects for the long term, buy and selling is simply stressful and in many cases very destructive to your mental health.

6 years ago in #bitcoin by
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     6 years ago 

    And probably it is time to make some noise and start the FUD game by letting bears out.

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     6 years ago 

    Yeah, agree. Just posted this on twitter. Looks like we will see a double top reversal if we don't break the resistance line. Also RSI is descending and we're losing momentum.

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     6 years ago 

    When your lost in the charts it may be time to go back to fundamentals. Traders dreaming of a 4K BTC because they missed the last dip and are now changing their tunes.

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       6 years ago 

      Excellent way to settle and find peace. The future is going to be bright for cryptos and those who will buy and hold them. Even haejen wrote last week in a comment that he has 70% of his crypto portfolio being held long term and only 30% for trading.

      I can tell you I've tasted the future and it was sweet, hitting around 25x on my portfolio before the correction. I didn't loose an instance of sleep. It's part of the journey that we must go through to get the upside of this new revolutionary blockchain technology. To think think we are only at the beginning is simply incredible.

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         6 years ago 

        ".............there is away to many bearish traders around........" I personally don't know it they are traders or just chart-makers. What I do know are their following statements why BTC had to go down:

        • The sharks are setting up a bear trap (meaning sharks would rise the price to be taken over by the fish so they can afterwards "kill" them by dumpselling their positions)
        • 96% of BTC is held by 3% of all people
        • A "V" turn hardly ever happens
        • A bottom has to be tested several times
        • In history a bear market lasts for 71 days (for example "we are now at day 59")
        • BTC and all Alt-Coins are worthless. You can't pay with it in real life and a lot of projects don't work
          (in my opinion that actually is true)
        • Chart making is not painting a few lines to know where a coin goes. You have to use Fibonagi, trendlines, RSI, MMA20 and AMA200 and this ABC correction is half way or otherwise a 1,2,3 with a 1,2 before it etc. etc.
        • Bitcoins IS going at least at $ 5400,--. I am 100% sure but can't say that so I say 80%, but it is actually 100%
        • "Hé I know it is now almost $ 9800,-- but that has to be it's turning point"
        • "If BTC is going above the $ 10.000,-- it will turn back once it hits the low $ 11.000,-- (it just hit the $ 11.660,--)
        • Yeah, I know it only went up after I said it would go to $ 5400,-- but hé, $ 5400,-- is still on the table.
        • Coming friday the futures will expire so BTC has to go down for that. (If you ever read or hear that line again somewere it just isn't true: FUTURES DON'T "INFECT" THE PRICE OF BTC!)

        Afterwards I'm the one who brooke the number one rule of @haejin: "only look at charts, never listen to story's"

        At this moment the only "rescue" al bearish thinkers have left is the chart as it is placed by @jdog

        Altough I'm not always very fond of the way @haejin posts his charts on the alt-coins I do like the way he gives his opinion about BTC/USD. After all, nobody can tell you 100% sure where a coin is gonna go. Giving several pathways looks at the only right way to do it.

        The only thing you can be 100% sure of is that 50% of the chartmakers is right. It is going up, or it is going down...........

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