NOVICE TRADER SPECULATION:
Hello traders!
Well folks, it looks like we are still under the green ribbon on the top chart.
For those interested, those are 10 EMAs, Google the rest, it is a ribbon, go from there...
I am seeing the same on the higher time frames, and with the state of the US markets, I expect BTC has reflected that...giving exchanges plenty of opportunities to play games with the volatility of this trying time.
That said, we have quite some time to halving, and I would love to be wrong, but realistically, it makes sense to me. Don't ask me why, at this point, I am beginning to feel it in my gut.
Why would we bull hard pre-halving?
Perhaps we will rally pre-halving and crash post?
Perhaps not.
I just hope you guys are staying on the right side of the market and not letting emotions or most importantly, outside influences (this idea) and the chat dictate your decisions. Use those perspectives, it is quite helpful dissecting useful information from FUD in the chat and/or ideas. That being said, be confident in your own trades and trust your judgement. Make your own calls.
This asset is volatile, we could indeed (I really hope) see a 3-6k Bitcoin pre/post-halving. Be prepared and, again, make your own trades, but take what is offered and judge it for yourself!
I've noticed a the chat tends to work up the psychology of the (19+m) members of that chat frequently and, sadly, watch people lose money because of that.
End rant.
LOGIC BEHIND SHORT:
1. BTC is moving towards halving, I expect an ATL pre or post.
2. BTC should retrace before a dump, so long in that respect *short term*.
Ending note, please, learn about trailing stops, you will save money.
Live long and profit,
ZM.
Hello traders!
Well folks, it looks like we are still under the green ribbon on the top chart.
For those interested, those are 10 EMAs, Google the rest, it is a ribbon, go from there...
I am seeing the same on the higher time frames, and with the state of the US markets, I expect BTC has reflected that...giving exchanges plenty of opportunities to play games with the volatility of this trying time.
That said, we have quite some time to halving, and I would love to be wrong, but realistically, it makes sense to me. Don't ask me why, at this point, I am beginning to feel it in my gut.
Why would we bull hard pre-halving?
Perhaps we will rally pre-halving and crash post?
Perhaps not.
I just hope you guys are staying on the right side of the market and not letting emotions or most importantly, outside influences (this idea) and the chat dictate your decisions. Use those perspectives, it is quite helpful dissecting useful information from FUD in the chat and/or ideas. That being said, be confident in your own trades and trust your judgement. Make your own calls.
This asset is volatile, we could indeed (I really hope) see a 3-6k Bitcoin pre/post-halving. Be prepared and, again, make your own trades, but take what is offered and judge it for yourself!
I've noticed a the chat tends to work up the psychology of the (19+m) members of that chat frequently and, sadly, watch people lose money because of that.
End rant.
LOGIC BEHIND SHORT:
1. BTC is moving towards halving, I expect an ATL pre or post.
2. BTC should retrace before a dump, so long in that respect *short term*.
Ending note, please, learn about trailing stops, you will save money.
Live long and profit,
ZM.