At this juncture, it is simply impossible to tell how price action will dictate BTCUSD as volatility is rampant and for what it’s worth when we couldn’t shatter the ceiling to break through to 13.6 K resistance I’ve been calling for a 6K Bearish Slump and selloff ever since we dropped from 10 K and yet no one wanted to hear it —- it’s funny how that works people just Want to hear that their coins and tokens are bullish and they’ll tune out any evidence to the contrary.
Personally I don’t mind; While FOMO/FUD used to be An undetectable anomaly that would throw a monkey wrench in my portfolio has now become something I look forward to as an opportunist and through trial and error/experience I’ve learned that selloffs and bear markets (Especially those where a sudden reversal is in effect And everyone expected a bullish continuation therefore not expecting any bearish price action (catching the community with shock and awe)
When this happens and everyone thinks BTCUSD will remain bullish yeah a massive -25% Selloff Follow suit I look at this as it nothing but an opportunity as the opportunist I am to accumulate mass BTC through pairings and yes I am fully aware I am losing a lot of USD and fear in the process yet my goal is never to accumulate more USD it is always to accumulate more BTC as I am playing the long game; something I recommend the rest of you do as well.
So while my Crypto portfolio is about -40% in USD value (closing in half of what it was worth just a few short weeks ago) My BTC accumulation has increased by 28.7% and I could give two shits about the fact that I lost almost half USD because I gained another bonus 1/3 BTC for my portfolio by taking advantage of the FUD.
Like a shark after school of salmon frantically trying to get out of dodge I am happy to buy when everyone else is dumping and whilst I don’t encourage other pairings unless you have several years experience forex swing trading crypto— The simple fact that pairings allow me to spot trendline breakouts and accumulate mass BTC (i.e. Last week when I spotted $VETBTC— check my twitter feed) right before the massive breakout and So unlike everyone else I do not stress when I see that USD value of my portfolio dwindling, because I am confident/adamant and firm on the LONG belief we will eventually cross over to $25K+ by Q22020.
Being digital gold, you can see an obvious parallel in price action between actual gold XAUUSD & BTCUSD -- which seem to move in unison as both seem to do exceptionally well and both have their bear/bull markets directly correlated to how the NYSE is doing-- whereas on Wall Street with the NASDAQ hitting another all time high, (Which is wonderful for my stock portfolio) yet not as much for those HODLing BTC.
People need to realize that as long as the economy is booming people have no incentive to turn to alternative autonomous banking systems or even bother to grasp the overall impact FINTECH will have as we delve deeper into the 21st centrist surveillance 1984 George Orwell’s surveillance state:
The fact of the matter is as long as the economy is booming and people have faith in the Banking system and Wall Street there is no reason for people not to trust fiat currency. But just like Gold the minute the economy takes a turn for the worst consumer confidence drops and you’ll see a surge in individuals seeking alternative means of store of value on their assets and Alongside precious metals and other commodities this is where crypto; particularly BTC will make a huge splash.
As for this publication; Given the statement above about the current state of volatility in the crypto market it would simply be an exercise in futility to try to predict a long signal we simply have to wait and see how things play out as there are many factors including China trade talks and USMCA that are in play.
For this reason I’ve only provided a signal with TA for A shortsell-Mid for any of you EMA20 ++ swing traders looking to consolidate quick profits.
Disclaimer
The oped and figures provided in this publication are solely my conjecture based on my own experience, education and beliefs. This is not financial advise. Additionally, the figures above are provided under the presumption that the market shall consolidate and see its reversal in effect— though I am still conservatively bearish mid-long term I am convinced by the end of this quarter we will start to see some massive & very rapid parabolic movement upswing....but this is just one wizards opinion.
Personally I don’t mind; While FOMO/FUD used to be An undetectable anomaly that would throw a monkey wrench in my portfolio has now become something I look forward to as an opportunist and through trial and error/experience I’ve learned that selloffs and bear markets (Especially those where a sudden reversal is in effect And everyone expected a bullish continuation therefore not expecting any bearish price action (catching the community with shock and awe)
When this happens and everyone thinks BTCUSD will remain bullish yeah a massive -25% Selloff Follow suit I look at this as it nothing but an opportunity as the opportunist I am to accumulate mass BTC through pairings and yes I am fully aware I am losing a lot of USD and fear in the process yet my goal is never to accumulate more USD it is always to accumulate more BTC as I am playing the long game; something I recommend the rest of you do as well.
So while my Crypto portfolio is about -40% in USD value (closing in half of what it was worth just a few short weeks ago) My BTC accumulation has increased by 28.7% and I could give two shits about the fact that I lost almost half USD because I gained another bonus 1/3 BTC for my portfolio by taking advantage of the FUD.
Like a shark after school of salmon frantically trying to get out of dodge I am happy to buy when everyone else is dumping and whilst I don’t encourage other pairings unless you have several years experience forex swing trading crypto— The simple fact that pairings allow me to spot trendline breakouts and accumulate mass BTC (i.e. Last week when I spotted $VETBTC— check my twitter feed) right before the massive breakout and So unlike everyone else I do not stress when I see that USD value of my portfolio dwindling, because I am confident/adamant and firm on the LONG belief we will eventually cross over to $25K+ by Q22020.
Being digital gold, you can see an obvious parallel in price action between actual gold XAUUSD & BTCUSD -- which seem to move in unison as both seem to do exceptionally well and both have their bear/bull markets directly correlated to how the NYSE is doing-- whereas on Wall Street with the NASDAQ hitting another all time high, (Which is wonderful for my stock portfolio) yet not as much for those HODLing BTC.
People need to realize that as long as the economy is booming people have no incentive to turn to alternative autonomous banking systems or even bother to grasp the overall impact FINTECH will have as we delve deeper into the 21st centrist surveillance 1984 George Orwell’s surveillance state:
The fact of the matter is as long as the economy is booming and people have faith in the Banking system and Wall Street there is no reason for people not to trust fiat currency. But just like Gold the minute the economy takes a turn for the worst consumer confidence drops and you’ll see a surge in individuals seeking alternative means of store of value on their assets and Alongside precious metals and other commodities this is where crypto; particularly BTC will make a huge splash.
As for this publication; Given the statement above about the current state of volatility in the crypto market it would simply be an exercise in futility to try to predict a long signal we simply have to wait and see how things play out as there are many factors including China trade talks and USMCA that are in play.
For this reason I’ve only provided a signal with TA for A shortsell-Mid for any of you EMA20 ++ swing traders looking to consolidate quick profits.
- Green lines are TP 1 to 3 with the yellows representing resistance and the blue represents pivot.
- As usual the most important horizontal, being the red, is the stop loss.
Disclaimer
The oped and figures provided in this publication are solely my conjecture based on my own experience, education and beliefs. This is not financial advise. Additionally, the figures above are provided under the presumption that the market shall consolidate and see its reversal in effect— though I am still conservatively bearish mid-long term I am convinced by the end of this quarter we will start to see some massive & very rapid parabolic movement upswing....but this is just one wizards opinion.
- @a1mtarabichi
