THE HORDE IS COMING - BITCOIN ON THE NEWS

in #blog4 years ago

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NOT AGAIN!! Well is not bad but whenever you see this kind of headlines or appearance of rich people on the news talking bullish about Bitcoin thats a red flag right there and the more they do the more Im tempted to sell some Bitcoin for USDT just to stay cover, here the video Im talking about

I would say Im part of that conspiracy that Bitcoin believers sometimes are tricked by the high class, Bitcoin believers are the resistance that becomes infiltrated with money in this case from the high class to pump the price and then dump on our heads.

As long as Bitcoin hold this trajectory and price above $9500 I would say we are good as it shows on this graph

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Bitcoin is holding over the 21 EMA and other indicators like RSI and MACD and starting to cool off, at the same time the price is not droping hard but it is still my opinion as in any other crypto event like Bitcoin halving price will drop before or after the halving, its just a matter of time and I think it would happen before the halving, the regular thinking or mind set is that it would drop after the halving but as a trader you want to be two or three steps ahead of the rest so its smarter to dump before the halving, I will keep track of this trajectory and look for any indicators that may tell me we are starting to go in the other direction, yesterday dump was just a failed attempt or either someone who bought really cheap like sub $4k and is just happy with his gains, for now my only two crypto tokens STEEM and Bitcoin are doing very well I have been trading both for the last 5 days and its being awesome did over 40% of my portfolio with this volatility, Im glad we have more volatility.

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