Please look at BLX ticker, or at least Bitstamp chart, in LOGARITHMIC mode, for long term analysis
This way, you'll make the bias go away ;)
BTC always lose 30-40% of its value during first bulltrend correction. The maximum bear target is 8k here, with a VERY STRONG support.
VPVR can show you volumes were huge at the 8k level. 10k level is the second biggest volumes support after 8k.
Get your basics straight
PinkCryptoVN
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@Maped, All the fundamentals that you listed in your post are the information for masses (the herd), not for classes (insider). All the big buyers have been taken profit or walked away at the price 13K. They're gone. They may come back at 1k or 2k, but not now. All the herd in this market now is confusing and don't know which direction to go. The uptrend has died. Just get ready for a big sell-off. The storm will come soon my friend! :)
@Maped, I've seen this video. He's talking about bubbles. I agree, BTC is not bubble. But to have a healthy market, BTC should a healthy correction. The rally that we've seen in BTC from 3k to 13k is not healthy.
wargolynch
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@casidom, Come oooon
LOOK AT THE BLX TICKER
LOGA CHART
OMG YOU CAN DO IT !!!!
PinkCryptoVN
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@Maped, To make myself clear. I only trade 2% from what I hold. I am HODL. Yes, in long term I believe BTC will go up. I just trade for fun now. :)
wargolynch
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@casidom, If you're holding when you believe it's going to 2k, you're even more idiot than I thought
PinkCryptoVN
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@Maped, My friend, Do you think all the folks who got in this market at 20K are still holding? :)
wargolynch
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Look at BTC history in LOGARITHMIC chart since 2010 on the BLX ticker
If you can't do it, die arrogant and uneducated, noob !
PinkCryptoVN
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@Maped, This is what I see in BLX my friend. I posted this month ago.
This way, you'll make the bias go away ;)
BTC always lose 30-40% of its value during first bulltrend correction. The maximum bear target is 8k here, with a VERY STRONG support.
VPVR can show you volumes were huge at the 8k level. 10k level is the second biggest volumes support after 8k.
Get your basics straight