Running into resistances. I hope the waiting is soon over. We are doing this thing crypto does before it goes somewhere.
Now because there are 100 different charts for Bitcoin & crypto it makes no sense trying to be precise.
What is sure is the price has been reacting to that trendline & to the daily MA150. MA150 is right above, and that trendline is being tested right now.
The price first goes up on Tether exchanges (surprise!) including some low cap trashcoins.
Are we going to reject, or break resistance?
If we break resistance I do not expect a big rally, since last ones have all been pretty weak...
So what is going on.
Some trollcoins are getting pump & dumped, such as this one:
Bitcoin price went up alot in a short time, people are euphoric about it:
Here is your average /biz:
"gj to everyone who had the resolve to hold during the past 500 days, we have just set the course for the real bullrun.
we had a lot of fud the past month and they realized that no one else will sell at this point. Be patient, by EOY we may already hit 5 figures per btc
"
Were the past 5 months a bull market? Weakest bull market I have ever seen. Bull markets end in euphoria.
People are getting excited, I actually do not even know why. Because a few scamcoins with a volume of 3$ a day got pumped? Or because Bitcoin price went up fast.
They are calling the start of a bull market and everything, it's pretty sad. If the price keeps going up they will pat themselves on the back and I think I want to puke.
Bulls are euphoric they are acting unreasonable "resistances don't matter" bla bla bla. Exuberance. Guess how exuberance always ends...
All this large propaganda campaign to bait buyers and scare bears is working, shorts are going down, longs up.
Realistically nothing has changed:
Crypto is still in an inside bar
Weekly, AND monthly:
For crypto to make an actual bull break it has to go to 150 billion market cap.
That's alot of people to convince to buy, lots of new money to bring in.
For the past 3 months market cap has not moved that much, same money going in and out.
The bull flag will probably result in the price going up. But by how much?
Something like this?:
I'm messed up in the head right now it's late :p so I might not be completely clear XD
What I am trying to say and my conclusion is:
The majority of people in crypto are still as stupid as the past year, as delusional about their own abilities, as delusional about their choice of getting in crypto, smart money showed no sign of itself, and crypto traders STILL look at a 5 minutes chart to predict what will happen in the next 3 months and get excited. Unbelievable.
There's something wrong with their brain, the way it works. It doesn't work that's the problem.
What is the real crypto volume anyway? It was 1 billion right? And the remaining 29 is fake? Don't remember. Something like that. Not that hard to pump and dump I guess?
Total market cap 130 billion and volume is above 30 billion lol. Sure bro, every single day ONE FOURTH of ALL crypto coins 1/4 the ENTIRE SUPPLY gets exchanged? Riiiiight. That's a pure IQ test right there. You got to be pretty braindead to believe that. 25% of the entire supply exchanged every day in a super tight range emmm ok?
Now because there are 100 different charts for Bitcoin & crypto it makes no sense trying to be precise.
What is sure is the price has been reacting to that trendline & to the daily MA150. MA150 is right above, and that trendline is being tested right now.
The price first goes up on Tether exchanges (surprise!) including some low cap trashcoins.
Are we going to reject, or break resistance?
If we break resistance I do not expect a big rally, since last ones have all been pretty weak...
So what is going on.
Some trollcoins are getting pump & dumped, such as this one:
Bitcoin price went up alot in a short time, people are euphoric about it:
Here is your average /biz:
"gj to everyone who had the resolve to hold during the past 500 days, we have just set the course for the real bullrun.
we had a lot of fud the past month and they realized that no one else will sell at this point. Be patient, by EOY we may already hit 5 figures per btc
"
Were the past 5 months a bull market? Weakest bull market I have ever seen. Bull markets end in euphoria.
People are getting excited, I actually do not even know why. Because a few scamcoins with a volume of 3$ a day got pumped? Or because Bitcoin price went up fast.
They are calling the start of a bull market and everything, it's pretty sad. If the price keeps going up they will pat themselves on the back and I think I want to puke.
Bulls are euphoric they are acting unreasonable "resistances don't matter" bla bla bla. Exuberance. Guess how exuberance always ends...
All this large propaganda campaign to bait buyers and scare bears is working, shorts are going down, longs up.
Realistically nothing has changed:
Crypto is still in an inside bar
Weekly, AND monthly:
For crypto to make an actual bull break it has to go to 150 billion market cap.
That's alot of people to convince to buy, lots of new money to bring in.
For the past 3 months market cap has not moved that much, same money going in and out.
The bull flag will probably result in the price going up. But by how much?
Something like this?:
I'm messed up in the head right now it's late :p so I might not be completely clear XD
What I am trying to say and my conclusion is:
The majority of people in crypto are still as stupid as the past year, as delusional about their own abilities, as delusional about their choice of getting in crypto, smart money showed no sign of itself, and crypto traders STILL look at a 5 minutes chart to predict what will happen in the next 3 months and get excited. Unbelievable.
There's something wrong with their brain, the way it works. It doesn't work that's the problem.
What is the real crypto volume anyway? It was 1 billion right? And the remaining 29 is fake? Don't remember. Something like that. Not that hard to pump and dump I guess?
Total market cap 130 billion and volume is above 30 billion lol. Sure bro, every single day ONE FOURTH of ALL crypto coins 1/4 the ENTIRE SUPPLY gets exchanged? Riiiiight. That's a pure IQ test right there. You got to be pretty braindead to believe that. 25% of the entire supply exchanged every day in a super tight range emmm ok?
Comment:
Trendlines matter.
Sometimes.
Comment:
Keep liquidating those bears, I want to be the only one left alive.
Comment:
Good luck
Comment:
Or maybe this is what people are looking at?
Why is it still going so slow?
The wash trading exchanges keeping everything in check?
Since they do 95% of the volume and for every buyer is a seller...
Why is it still going so slow?
The wash trading exchanges keeping everything in check?
Since they do 95% of the volume and for every buyer is a seller...
Comment:
I am persuaded it is going to make a big green candle and then fall over a period of months because that's what would be most anoying for every one.
Ponzi ponzi ponzi.
I just want to take 1 last trade and then forget about this ponzi geez.
It's not even fun to cyber bully stupid people that get scammed because they are too dumb to understand...
Ponzi ponzi ponzi.
I just want to take 1 last trade and then forget about this ponzi geez.
It's not even fun to cyber bully stupid people that get scammed because they are too dumb to understand...
Comment:
I was told Kraken would scam every one... That they have financial troubles and won't let people withdraw...
Looks like its coming... Idc I don't have anything on their exchange.
"There is a change coming on Tuesday April 2 that may affect you if you make bank deposits or withdrawals through your Kraken account. Your account is only verified to the “Tier 2” level, which in some countries enables bank funding in small amounts of $2,000 USD or less. In order to streamline our client experience and offer better overall service, we are simplifying the Kraken verification levels. Since your account is only verified to Tier 2, the change on April 2 means that an upgrade will be required to have continued access to bank funding. Upgrading your account is a smooth and easy process requiring documentation such as a government issued ID and proof of residence. After the upgrade you will enjoy much higher funding limits and other benefits such as higher margin trading limits and access to Kraken Futures! You can upgrade your account at any time, just click the “Get Verified” tab in your account to get started (prior to April 2 upgrading to Tier 3 will be sufficient).
What if I don’t upgrade?
If you do nothing then, after April 2, you will no longer be able to make bank deposits or withdrawals through your Kraken account. All of the other services currently available to your account will remain. You will still be able to deposit and withdraw crypto and trade all of our currency pairs (including fiat pairs).
Thank you for choosing Kraken, the trusted and secure digital assets exchange.
The Kraken Team"
Of course... Right when the march candle closes, what a coincidence.
I still have not mentally recovered from how unebelievably stupid crypto
"enthusiasts" are and delusional, in particular ignoring ponzi exchanges.
When they try arguing their logic is so typical of morons lol.
Looks like its coming... Idc I don't have anything on their exchange.
"There is a change coming on Tuesday April 2 that may affect you if you make bank deposits or withdrawals through your Kraken account. Your account is only verified to the “Tier 2” level, which in some countries enables bank funding in small amounts of $2,000 USD or less. In order to streamline our client experience and offer better overall service, we are simplifying the Kraken verification levels. Since your account is only verified to Tier 2, the change on April 2 means that an upgrade will be required to have continued access to bank funding. Upgrading your account is a smooth and easy process requiring documentation such as a government issued ID and proof of residence. After the upgrade you will enjoy much higher funding limits and other benefits such as higher margin trading limits and access to Kraken Futures! You can upgrade your account at any time, just click the “Get Verified” tab in your account to get started (prior to April 2 upgrading to Tier 3 will be sufficient).
What if I don’t upgrade?
If you do nothing then, after April 2, you will no longer be able to make bank deposits or withdrawals through your Kraken account. All of the other services currently available to your account will remain. You will still be able to deposit and withdraw crypto and trade all of our currency pairs (including fiat pairs).
Thank you for choosing Kraken, the trusted and secure digital assets exchange.
The Kraken Team"
Of course... Right when the march candle closes, what a coincidence.
I still have not mentally recovered from how unebelievably stupid crypto
"enthusiasts" are and delusional, in particular ignoring ponzi exchanges.
When they try arguing their logic is so typical of morons lol.
Comment:
I am now 100% sure without the shadow of a doubt Bitcoin will go down from here.
Every single time I wanted to buy/sell but was not able to it was the bottom/top.
God makes it fair and being unbelievably unlucky makes up for being so smart I guess?
Every single time I wanted to buy/sell but was not able to it was the bottom/top.
God makes it fair and being unbelievably unlucky makes up for being so smart I guess?
Comment:
Dropped overcutting 1.618.
Then went 0.50% above 1.618 in small resistance area and dropped 10%...
Then went slightly above 1.618 stopped slithly under that wick, dropped 11%...
Then went back up and consolidated on dump high 5658 up & down several times
To my surprise (even thought people keep making ignorant comments and failing some STILL manage to surprise me what's next? They are going to forget to breathe?) some people haven't figured that out...
IF you took this on 1rst dump or short 1.618 and lost money on that trade or even think this was a lose oh my I have news for you...
You had at least 4 opportunities to get out in the green. It really was forgiving...
If you lost money on this sorry to say you probably should stop trading.
Plenty of other activities, we cannot all be naturals at everything.
For my part I missed an easy profit because it's just too complicated to move money back and forth and I don't care, except in summer there are always things going on elsewhere lmao why would I care about missing out on some imaginary ponzi coin. Missed out on probably 10000 setups that very week.
Then went 0.50% above 1.618 in small resistance area and dropped 10%...
Then went slightly above 1.618 stopped slithly under that wick, dropped 11%...
Then went back up and consolidated on dump high 5658 up & down several times
To my surprise (even thought people keep making ignorant comments and failing some STILL manage to surprise me what's next? They are going to forget to breathe?) some people haven't figured that out...
IF you took this on 1rst dump or short 1.618 and lost money on that trade or even think this was a lose oh my I have news for you...
You had at least 4 opportunities to get out in the green. It really was forgiving...
If you lost money on this sorry to say you probably should stop trading.
Plenty of other activities, we cannot all be naturals at everything.
For my part I missed an easy profit because it's just too complicated to move money back and forth and I don't care, except in summer there are always things going on elsewhere lmao why would I care about missing out on some imaginary ponzi coin. Missed out on probably 10000 setups that very week.
Assuming people really think a bull market to 100,000 is starting I'll try understanding why.
So.... because it happened fast and looks fake?
I told you crypto people were gamblers...
They get a "high" when prices spike very fast...
Textbook gambling addiction. LOL how pathetic really.
You know crypto addiction clinics are opening around the world for the weak?
Some politician from Indonesia was talking about how he would fund his campaign & he mentionned ideas including bitcoin and I did not translate it all but apparently he could probably sell part of his 180,000 BTC.
Tweets about this got removed, no trace.
They figured out speculators would hear and drive the price down.
I don't know why they bother thought, it's a mistake.
Bitcoin traders only do TA and use indicator and try finding the magical one that will predict the future.
Bitcoin "investors" will ignore it (hello denial) and call it "FUD!".