Well! Dear Bitty you seem to be on a Twitty! Like a hot babe kitty!
That is not true! It is not twit-dependent guys! I mean it. Then what?!
- "Almost" every 11 year something apparently devastating happens like 9/11. - I hate to break the news. Something of which many believe to be just a theory and it is not! - 1st, 2nd, 3rd, 4th & the 5th waves have been completed. - Like I said before and as a true fundamental Chinese are out and watching at the moment like the other 2 previous times. - Federal Reserve on the other hand is following up with the Money Tapering. - This time it is different in terms of the amount and the size of catastrophe which is going to happen. - Cryptos are nothing more than some Distributed Ledgers. This has actual value but just how much? - I have said some 12 months ago that there are too much alts leaving people confused. They have absolutely no idea what is going to come. - To those who bring up astronomical figures like 600K or even 1 million USD, does anybody remember how seriously Gold crashed during 20 years from 1980 - 2000, which has so many actual applications in the REAL world?! Go check it! - Why on earth some several Distributed Ledgers sky rocket in price? Is it all normal? - I am a fan of best performers regarding applicability and their practical virtue. Yet, I am not convinced and cannot wide shot my eyes and accompany the herd like these Ledgers are real wealth.
Conclusion: I stay neutral publicly. But personally I believe Bitty needs some rest toward some 15 - 20K. Why not?
There is some hidden bullish divergence on the RSI.
Morteza-Emzajerdi
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@WeAreSat0shi Please check on 3, 6 & 12 months. There is a negative harrami - in 6 months timeframe meaning that bit is making a double or triple top following several thousand percent of logarithmic growth.
It can grow a double or triple maximum. Gradually many different obstacles are coming in it's way.
1. Market Cap Limit; 2. China prohibition on Cryptos; 3. Contradicting it's objectives of peer-to-peer transactions by Western governors ban and surveillance through Chain Analysis and Cypher Trace regarding Sanctions and Money Laundry laws; 4. Many countries trials on creating their own Cryptos; 5. Thechnically the longer term 5th wave; 6. Please also remember that though they are useful there is an extent to their actual virtue or value; 7. Many of them are turning to be a pig in the pan;
I also checked on that divergence and the oversold RSI, but fundamentals are also dominant and I personally do not expect more than 200 or 300% growth which is deemed to be the ultimate midterm growth potential.