RE: Bitcoin Speculation: Moore's Law
Still not enough data to know with 100% certainty if we have or not, we have the 21MA above us which has been making us dump at every pump since January 2018, we haven't broken any trendlines, we have the 1W stoch RSI at an ATH which is like loading a pistol with a dump bullet, last time we were this high in the stoch RSI was in January 2018 before the bubble bursted, the only thing hodling us up atm is the 200MA weekly, which I don't think will hodl. I'm expecting us to see 1800$ very soon (3 weeks max), we still have 1 more pump to close the CME future gap at 3950 and the daily stoch RSI is at the bottom which is like loading a mini pump bullet.
Don't know if I explained it well enough, the most probable scenario atm is for a pump to 3950 and a massive dump to 2.2k-1800$... If you want to know how to spot a reversal come by my blog and read this one, and this one, the first one is the simplest way there is to spot a reversal in the market to bull market, and it is what big investors with millions of dollars use to know when to buy in.
Im honestly not really into technical analysis, neither do I really care about it.
I think it's just a very little part. That's because Bitcoin is the first of its kind. There was nothing even close before and therefore I dont think you can apply stock market analysis to it.
But what do I know, Im only 20 years old and wait for months now for a good entry point.
I will still look at your posts :)
I really liked your articles. Got a new follower ;)
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Thanks! I always try to provide the best content for the blockchain... the words we write and the posts we make are going to be coded in a blockchain for all eternity or at least until the blockchain dies, so it must of the best quality I can make :)