I usually have bad record with Crypto, so you guys can take an inverse trade if you want lolz
tomraistrick
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@DatTong, Haha, respect for admitting that. Your Forex and Commodity-related TA is top notch so even if you have a lower profitable trade rate with crypto it's still useful to hear your perspective. Thanks for your hard work.
@DatTong, I agree with the stance you've taken on this one though. It's similar to a chart I posted earlier today. Take a look if you have the time:
Jeff_Cryptopop
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@DatTong, Well let's face it, volume is so low at the moment, any big buyer can pump or dump the coin outside of any rational movement and make a splash. But that also says something very disturbing about its direction in the midterm.
DatTong
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@Jeff_Cryptopop, In any chart of Crypto, I see both sides. If could be up or down, it depends on some people want it up or down... those market should not be for anyone, sadly most of new ones come to this crypto market instead of maturity market such as index, commodity, forex.
Jeff_Cryptopop
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@DatTong, Yeah, right now there isn't enough volume spread between smaller players right now so one whale can sometimes decide up or down based on how many long or short stops he/she can trigger. A lot of folks come into this market first because, when it is bull, it is buller than anything else around. The downside with those people is that BTC isn't bull at all right now, and those who entered this space with $$$ in their eyes are excessively cranky about it, thinking wishes and hopes along with charting it as so will make it happen. It won't. :(
Jeff_Cryptopop
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@DatTong, I stopped trying to chart short term moves. The ultimate end I believe is that for the midterm, we will drop some more before it recovers.
vibestone
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Hi DatTong, could you please explain what made you decide on that prediction?
Thank you for posting your ideas.
DatTong
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@vibestone, is it look like BTCUSDT in Weekly chart?