BTC_Daily.Pips
Short

Like father Gartley like son crab :)

BITSTAMP:BTCUSD   Bitcoin / Dollar
718 13 6
This is chart I made fast for the general idea, I will insert pics tomorrow in the comment section with more elements, as I am sure I can find some nice ratios here as well.

So, after more retailer accepting BTC is indeed good news in the long run, as it gives more perspective for BTC adoption. In the short run, it is a high pressure on the price, more big retailers means purchases with BTC , BTC being cashed out in $ immediately. Long story short, when the supply increases, prices will fall down for another equilibrium. At 300 if it gets there, will sure be a place where the market would find attractive to purchase BTC if we complete the crab .

All in all, more important retailers will bring more awareness of BTC and by developing more hardware and soft are infrastructure for BTC users will mostly be the best for the BTC community on long term.
ChartArt
2 years ago
The problem isn't retailers selling BTC. The problem is miners selling BTC - as explained here:

http://www.youtube.com/watch?v=_-TLA3j-ic4
+1 Reply
BTC_Daily.Pips ChartArt
2 years ago
Thanks for the video, I liked it and advise other visitors of this idea to watch it also. It is a pressure as well, you are right of course.
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cryptomojo
2 years ago
So Bitcoin will be controlled by those with the deepest pockets; alas, a new world order for Bitcoin is in the making.
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BTC_Daily.Pips cryptomojo
2 years ago
hahaha, if BTC takes over the world :)) if it fails, the BitIlluminati will fail also :)))
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cryptomojo BTC_Daily.Pips
2 years ago
Either way they win, surely the point is to follow the trend / anticipate what the big boys are doing and make some profits too.
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BTC_Daily.Pips cryptomojo
2 years ago
Yeah, but for sure they are not trading on exchanges when investing...
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cryptomojo BTC_Daily.Pips
2 years ago
You're probably right :D
Reply
BTC_Daily.Pips
2 years ago
One fib, will come later with promised Fib ratios to feel this scenario, as I see there are, don't have enough time to do it. One simple lng term here and another used in already in an older publication:
snapshot
and the older one you can find in the comment sectio down of this publication
BTC Holy Ratios :D
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BTC_Daily.Pips
2 years ago
snapshot
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BTC_Daily.Pips BTC_Daily.Pips
2 years ago
2 years of BTC Fibonacci Renaissance :)
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BTC_Daily.Pips
2 years ago
Back to the beginning:
snapshot
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Emanance
2 years ago
Wow, spot on!
+1 Reply
BTC_Daily.Pips Emanance
2 years ago
thanks :)
Reply
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