tangman

Bitcoin: Messing with your head.

BITFINEX:BTCUSD   Bitcoin
The market tends to transfer wealth from the most to the few. Crypto is no different. I watched this play out psychologically in real time in my own head and in others.

I previously predicted that Bitcoin could take a real fall based on a cycle timing, hitting the upper trendline, and getting the crowd bullish with that inverse H&S. Nevertheless I wanted to ride it in case it broke out bullishly. Luckily I got out as soon as it turned.

Right now, everyone is bearish again, and I have a feeling it could turn bullish. One more "scary crash" would be a BUY, in my opinion, at least for the medium term.

Well, truthfully, I managed to trade up to an Vechain X Node and will be locking that up for years to come. That's 6000 Vechain Thor Tokens which I believe has the potential to become the Top Blockchain in the future.

I will take a break from crypto trading for a while, but might be convinced to buy the next CRASH with some fiat. I would love to see Bitcoin have a year-long bear market, where price goes very low. When everyone is saying negative things about it, I might be convinced to buy again with fiat.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.