1) because of the stupid fomo bull run 2) we might actually end up on the lower trend lines 3) especially if you were to look at the monthly RSI; we don't know that bottom yet ...
what's the lowest monthly rsi we could reach ? nobody knows, we might be about to find out ...
but ok, this would be short term, long term ... we're obviously still within the long term trend lines, it's just that f'ng fomo bull run from you w'nkers last year ... happy now !?
keep buying small amounts weekly, hodl and you'll be fine
Comment
⋅
from november 2019; BTC ~ it might go as low as $4.800
there's a play button on the chart, when you click that it will update the chart, so you can see how accurate it turns out to be; try it
Comment
⋅
it's easy to do; put on log scale ... obviously !?! then select the fib channel; it requires 3 reference points; pick highest 2 peaks and lowest low ... that's it
so easy, yet so valuable; you now know exactly within which margins bitcoin will continue its upward trend in the long run
Hey -- that was really interesting! Thanks for taking the time.
Hazel-Ra-Owsla
⋅
The thing I think which is important to factor in to the chart here is *why* it dropped this time...the pandemic, shutdown, etc. This is the first time something like this has happened for BTC and would be an artificial force affecting the price (as opposed to just the chart and TA). Therefore I agree with the comment about lower rung of the trend lines rather than following along a natural path without the global crisis.
no, I made that prediction 4 months ago ... and there's no pandemic, it's a distraction ... this while they actually do have 1 last tricky left; helicopter money and that's exactly what they're doing ... they'll keep the scam going for a few more years, maybe another 12 years ... I have my doubts, but this is not the end game ... not yet ... we're almost there now, but not yet ...
Hazel-Ra-Owsla
⋅
@MichielVan Kets, Um...whether you believe in the pandemic or not; the media and government have upset the economy over it...
If you are saying that the "coronovirus calamity" hasn't affected the markets including crypto then you are drinking your own bathwater...the downturn is clearly tied to media releases and actions by the governments.
I'm not saying it wouldn't have hit that target eventually, of course it would have based on technical factors, but the downturn that happened WHEN IT DID, was driven by media and governments.
If you deny that and say you are just a genius using your fib channel, and are the only one who could have predicted this thing would have happened on that day then I don't know what to say.
Knowing a target will be hit and knowing THE DAY it hits are two different things, and its clear to everyone that it went down when all this panic started over coronavirus.
or ... you just can't deal with the fact that your beloved fascist government is utterly useless; you WANT to believe the lie ... that's the problem
Hazel-Ra-Owsla
⋅
@MichielVan Kets, Lol um I think you are reading a bit into it and getting political. The truth of the matter is it doesn't matter what I believe, when the media and government combine together they make the stock market go up or down...simple as that. I don't own any stock so it wasn't me that sold...in fact it was quite a few congressmen. If you are denying that the propaganda machine can deflect prices I again don't know what to say to you.
But your response is kind of dumb and shows me you didn't read or comprehend anything I typed.
You feel that since YOU know its fake, the stock market and bitcoin are not going to respond to it...but they clearly did.
no, they love to create the illusion as if they are in charge, but in the end ... math always wins ...
normal people don't feel the need to violently oppress and abuse other people; only narcissists and psychopaths WANT to work for the government ...
it's all 1 giant lie and while that by itself is already bad enough, but the fact that you insist in betraying yourself by lying to yourself to force yourself to go along with the lies of those worthless losers ... that's so much worse
stop embarrassing yourself; as long the national debt exists, all we know for sure is that most westerners are a bunch of worthless delusional cowards ... that's where the debt comes from; cowardice
Hazel-Ra-Owsla
⋅
@MichielVan Kets, You sound like a crackpot, anyway you know what they say about arguing with a fool, goodbye sir.