Congrats everyone who didnt freak out and Survived the Great Crypto Fall of 2017
I'm being Sarcastic of course...
I'm a Technical kinda of guy.. Don't really look at value.... To me in investing the answer is always in the charts.... Works that way for stocks , Forex, and even Crypto... Proof is in the charts... Look up Technical patterns..... Double Tops are bad news.... but the good news is now We know where the Major support is... it's around $2,080 mark..... I brought some more BTC and ETH today around $2150..... If BTC ever breaks under that $2080.. then we should worry....
Congrats all that didn't FREAK OUT... To me it looks like its over (Yep in 1 Day).. WE MADE!!!
yes indeed
never lose sight of the long game
Yeah, I bought at btc the lowest point. I feel sympathy for those who panicked and sold, I kind of feel like I'm being a dick when I was telling people they should be buying at the bottom not selling. It's not easy holding firm when you're watching your savings death spiral.
True... investing with emotion is never good... Seeing alot of red people begin to panic.. Don't want to lose it all... But the true way to make money... Buy into Panic ... ok not in everything... but ya get what i mean.. I wouldnt buy a burning house in that example
Me too bought dip thanks to all who help others! What are double tops?
In Technical analysis investors dont look at Market value... company revenue.. things like that... ABOUT THE ACTUAL item.. instead they just look at Charts... and based off charts and history you can estimate / predict (not all the time) what a Stock, forex pair, or currency will do...
a Double TOP- in a time frame of a couple of hours, a day, a week, a month.. (I'm going to to use the example i posted above) BTC touched $3K... then it went down.. but didnt have a major pull back like we saw today....... When it climbs back up and Touches $3K again.. it failed..... this tells investors holy shit wont ever make it to $3500.. no need to keep it.. PEOPLE START TO SELL... price goes down FAST.. like you seen today.... Same goes for Double Bottom but opposite... Learn these my friend and it will make trading ANYTHING alot easier
^^ I apologize for this small ass pic... Lol..
Awesome thanks. Sharing is caring! Pic is fine i can zoom. So it looks like today i bought when i shoulda sold...ill catch on soon, now that im watching charts