Following on from the almighty 2014 crash comparison I made months ago and that went pretty crazy buzzy.. I think that after the patience, the possible entry point described back then is now potentially reached. Regarding this, I just made a first BTC call today. I putted 5% of my capital here on a Buy&Hold trade which means there is no stop loss on this trade. Some ppl may have thought I was just riding the crypto wave to scam ppl and gather subscribers back then... well... here I am today proving you wrong. I just sold according to the plan until today where I make exactly what I told you months ago... making the actual bullish speculative entry !
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users.
1. Broken support becomes resistance.
2. BTC's 6k level has provided support for 7 months now.
3. Once it breaks, people will panic.
4. 6k will flip from support to resistance.
5. This could drag out the bear market for many more months.
Thelostdragonofnarnia
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@niceryders, agree. The news is mentally trying to condition us for new barrier brakes.
tommix
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There is no similarities here. You just made up to suit your agenda.
mwilson87
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@tommix, I disagree, there are a lot of similarities... you clearly have a bearish agenda
Weavs844
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Fractal of the Total Market Cap between now and 2014/15
yhal
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Agreed! Here's the Log perspective with MA200 analysis if you want the big picture
Nice work!
BTC_SA
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@yhal, Why do you say hold when the price drops 50% after the breakout on your chart?
EduardZimmermann
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@BTC_SA, Well asked. I might have missed some basics of economics to understand this logic. My fault. So what's the answer @yhal ?
yhal
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you might have
EduardZimmermann
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@yhal, "you might have"... like you might have answered the question raised by @BTC_SA . That's correct. So what's the answer? We're getting more and more curious.
Simple things you need to understand:
1. Broken support becomes resistance.
2. BTC's 6k level has provided support for 7 months now.
3. Once it breaks, people will panic.
4. 6k will flip from support to resistance.
5. This could drag out the bear market for many more months.