This trend line is what stands between BTC bulls and BTC bears. What i like about this trend line is that, even tho' most trading view's top Technical Analysts are saying we are going to 4k or even 3k price like that Poop guy or D4, this trend line is not letting them reach the 6k price let alone 4k. Anything can happen, but i see big money holding this trend line. Most bears are bulls in disguise, they just want some cheap BTC. Why would you sell your BTC to some other guy for 6k, 5k, or 4k? What is he going to do with it? -He wants to make money by selling later at higher price...and if you are really unlucky, you may buy your BTC again at higher price!! :)
Let's say BTC is going to drop at 4k. Who is saying that? POOP, D4, and most bears. What happens if it drops to 4k? -They will buy there. Why would you give your BTC that you may have bought at 7k, or 6.5k, to some people for 4k? These are the bears screaming today we are going lower, BTC is crashing, is going to crash etc etc, all they want is some cheap BTC.
I see that poop guy asking people to sell now and buy cheaper later. It is not that easy. It can happen, but not that easy. That poop guy is not buying BTC today, but if BTC turns around and goes up to 10k, he will buy then at 10k hopping to sell later at 10.4k.
I have my long term portfolio and my mining farm adding more LTC everyday. I don't like it when it goes down, but i don't sell.
Anyone is an expert after the story unfolds. I could have bought there, sold here, bought later and made all that money....if you can predict the future :)
I have this little theory: Buy when no one wants it, sell when everyone wants it.
Anyway, good luck trading. I'm the master the....kidding.
Let's say BTC is going to drop at 4k. Who is saying that? POOP, D4, and most bears. What happens if it drops to 4k? -They will buy there. Why would you give your BTC that you may have bought at 7k, or 6.5k, to some people for 4k? These are the bears screaming today we are going lower, BTC is crashing, is going to crash etc etc, all they want is some cheap BTC.
I see that poop guy asking people to sell now and buy cheaper later. It is not that easy. It can happen, but not that easy. That poop guy is not buying BTC today, but if BTC turns around and goes up to 10k, he will buy then at 10k hopping to sell later at 10.4k.
I have my long term portfolio and my mining farm adding more LTC everyday. I don't like it when it goes down, but i don't sell.
Anyone is an expert after the story unfolds. I could have bought there, sold here, bought later and made all that money....if you can predict the future :)
I have this little theory: Buy when no one wants it, sell when everyone wants it.
Anyway, good luck trading. I'm the master the....kidding.
Comment:
There may be a little rain for the HODL-ers before the sun shine
That is a good thing for Crypto prices. If BTC manages to stay above this trend line, i think there is a high probability of never seeing BTC below 7k anymore in our lifetime. Tom Lee said there were around 20 bil usd to be paid in taxes in US alone. Most of that money will come from crypto sales...so there are good times ahead (after april 17). I have a bad feeling that just before april 17, there will be big shorts on BTC driving the price down and only then the big uptrend will follow. I remember around november 12, 2017. Price went from 8k to 5.6k in 2 days then the big trend to 20k followed.