Good day my friends.
My thoughts right now despite the 100$ pump today and moonboys yelling that a new cycle has begun are neutral to bearish.
There are a few factors i want you to look at before deciding either to buy or not bitcoin and altcoins:
1)Every pump bitcoin had this year was dumped 5 times faster.
2)Lower highs,pushing the price down,near to the 6k area for like 6 times already.
3) The RSI blue line i have drawn is the true support/resistance bitcoin had for 6 years.
4)The 6k area got hit many times already and there is a saying:Once the glass gets hit multiple times it gets thiner not thicker as everyone in here thinks.
5) I never listened to media PRO's that claim new bullrun incoming,but i would pay attention to the owner of Bitmex's article where he says:When there will be a bloody candle that will kill the soul of the bulls,that's the time to buy,the time the bottom is found and accumulation + new cycle will start.But this may be a sketchy article and it could mean to do the opposite ;)
6)I will buy altcoins only if bitcoin goes above 6750,small position. If it goes above 7.1k a new trend is confirmed and i will go all in.
7)If it dumps,it goes straight pass 5k to 4.4k killing all longs on the way.
8)Let these crappy coins make 100% gains right now but i'm not touching them,in case btc doesn't go to the moon you will cry with blood looking at your portfolio.
Trade carefully,I aim for x5-x10 and more gains instead of getting chopped right now by the trade bots/algos.
Cheers ;)
My thoughts right now despite the 100$ pump today and moonboys yelling that a new cycle has begun are neutral to bearish.
There are a few factors i want you to look at before deciding either to buy or not bitcoin and altcoins:
1)Every pump bitcoin had this year was dumped 5 times faster.
2)Lower highs,pushing the price down,near to the 6k area for like 6 times already.
3) The RSI blue line i have drawn is the true support/resistance bitcoin had for 6 years.
4)The 6k area got hit many times already and there is a saying:Once the glass gets hit multiple times it gets thiner not thicker as everyone in here thinks.
5) I never listened to media PRO's that claim new bullrun incoming,but i would pay attention to the owner of Bitmex's article where he says:When there will be a bloody candle that will kill the soul of the bulls,that's the time to buy,the time the bottom is found and accumulation + new cycle will start.But this may be a sketchy article and it could mean to do the opposite ;)
6)I will buy altcoins only if bitcoin goes above 6750,small position. If it goes above 7.1k a new trend is confirmed and i will go all in.
7)If it dumps,it goes straight pass 5k to 4.4k killing all longs on the way.
8)Let these crappy coins make 100% gains right now but i'm not touching them,in case btc doesn't go to the moon you will cry with blood looking at your portfolio.
Trade carefully,I aim for x5-x10 and more gains instead of getting chopped right now by the trade bots/algos.
Cheers ;)