This is absolutely not investment advice, please do your own research and draw your own conclusions...
I for one dont see no reason given the current FUD (to which I add here :P ) for not going down to first 5300-4000 and then around 1200. And let's see what becomes of tether during the way. Will they ever publish their true $ balances? This would give btc a great boost in case the really have the cash. If not, or if they going to be shut down, I do not think it save to short btc against tether, and not going long on btc as well.
Excuse those lots of trendlines, most of them are drawn weeks or months ago and I leave them be as is, as the prices behaved more or less accordingly so far. If they continue so, and much is about those fractals in the triangles, well then it might continue downwards. I do not see buyers for steep reversals given the volume, and if I aint long, so why shouldnt I be short.
The colours dont mean anything, grew organically, was just for differentiation.
The most bottom lines are the basic uptrends, as I see them. Everything over that was FOMO or may be tether bloating, and these times are over imho, even if they just printed 300 million more tethers.
All that is not to say one can not make nice daytrades the time coming, but I will be careful with HODLing...
In the long run, I see EOS and bitshares take over. bitshares as fastest working blockchain and decentralized exchange so far, and EOS supposedly going to replace it in summer, and be the better ethereum as well. If this happens not, it would give crypto another distrust.
I for one dont see no reason given the current FUD (to which I add here :P ) for not going down to first 5300-4000 and then around 1200. And let's see what becomes of tether during the way. Will they ever publish their true $ balances? This would give btc a great boost in case the really have the cash. If not, or if they going to be shut down, I do not think it save to short btc against tether, and not going long on btc as well.
Excuse those lots of trendlines, most of them are drawn weeks or months ago and I leave them be as is, as the prices behaved more or less accordingly so far. If they continue so, and much is about those fractals in the triangles, well then it might continue downwards. I do not see buyers for steep reversals given the volume, and if I aint long, so why shouldnt I be short.
The colours dont mean anything, grew organically, was just for differentiation.
The most bottom lines are the basic uptrends, as I see them. Everything over that was FOMO or may be tether bloating, and these times are over imho, even if they just printed 300 million more tethers.
All that is not to say one can not make nice daytrades the time coming, but I will be careful with HODLing...
In the long run, I see EOS and bitshares take over. bitshares as fastest working blockchain and decentralized exchange so far, and EOS supposedly going to replace it in summer, and be the better ethereum as well. If this happens not, it would give crypto another distrust.