We failed to close above the 200 day and we just got a very bad death cross, both signalling an upcoming hard sell.
We'll see $6000 real soon and i think we'll drop much lower even.
Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?
We'll see $6000 real soon and i think we'll drop much lower even.
Thoughts? Why has bitcoin failed again to recover? MtGox? Governments? Criminals selling off?
I wouldn't focus too much on TA in that case.
Remember we were going up for 2 years. So we are just retracing for about 3 months now, this is nothing!
Although we know anything can happen with Bitcoin, therefore the honeybadgers decides to moon out of nothing, I wouldn't be surprised to see a few more months of consolidation with some minor up and down swings in a range of 6-10k. Even new lows aren't out of question for me.
If you're in for long just hold and wait until the market reverses. So far we're still in a bear market.
Ah yes, just ignore TA. TA is for all those millions of professional loser economists and traders that run the world business and economy.
HODL is the game!
The game that is the bitcoin scam. The scam community has to come up with some hype buzzword to draw in investors and make sure idiots keep buying "low" while early adapters sell at premium ridiculous prices and get filthy rich without ever moving a finger to contribute to society!
Technical analysis has been wrong a billion times in bitcoin. All the analysts that are now playing the "death cross" game called a top of $7500 for 2017, then we went to $20000. A bunch of idiots thought that "professional technical analysts" predictions couldn't fail, but that is exactly what they did, so all of these people now want lower prices to get back, in which group I suspect you belong to.
On a long enough time, your posts will look as stupid as this:
So be careful with these shorts my friend, or you may go bankrupt and not able to buy back the dip, which is what you all obviously want. Anyone that has been here for a couple of years isn't stupid enough to claim "bitcoin is a scam and it's going to die". Translation of that is "please price, go down, I sold and I need to buy back in cheaper".
On the other hand, holders on a long enough timeline can only meet one destiny: to get rich as fuck.