thefreedommatrix

BITCOIN - Crazy RSI/Vol DIV

Short
thefreedommatrix Updated   
BITSTAMP:BTCUSD   Bitcoin
Would take lots of profits here! As you can see, BTC could break out through the resistance line past 8.5k but the higher % logical fundamentals ---> ALOT of correction when bitcoins come pouring back to the exchanges.
U wanna get out 2 weeks early rather than 1 second late.
Take profits and invest in an undervalued asset class like precious metals instead. U don't have to panic sell but because of the volatility of bitcoin it's rather better to sell early than later. If you hold a lot of bitcoins perhaps save a few for "the gamble", this market is 100% emotionally driven so you have some % of being able to pay the lottery still.
Already the 2 biggest bubble in history only trailing the tulpitmania bubble of sixteen hundreds judging in terms of % growth.
It's a bubble because of the scarcity only coming from expensive transactions.. IOTA or even BCH unfortunately shows that the mining aspect to energy ratio of processing transactions is really not an argument for a bigger price. There are not alternatives to gold in terms of precious metals.. There is silver, platinum etc.. but they are much different both in terms of availability and what function they serve and could serve in the future.
The number of different Cryptos went crazy and the notion that something can have only speculative value falls apart if there is more than just a few alternatives to choose from that performs the same function but for the fraction of the price.
Bitcoin would work if there was only bitcoin, unfortunately the banking cartel knew this and has been pushing for the hundreds of different of ico's that's popped up. They are using Bitcoin etc as the useful idiot to introduce humanity to the cashless society where they plan to force the people to spend their money by being able to go below 0 interest rate wise --> charge u to hold money --> u must spend it. All fiat dollars held abroad will be worth nothing --> that their debt won't matter anymore.
If you honestly doesn't see this yet, research AI, Sophia, Singularitynet, Peter Thiel, Satoshi connection to CIA/NSA blockchain papers 1996, IMF 2011 plan for cashless society where the citizens themselves brings about the change willingly, the beast system, image of the beast, antichrist, new world order, depopulation agenda, one world currency, Rothschilds, economist magazine cover 1980, bilderberg group, history of gold, how the central banks privately owned has spread since the beginning through wars etc..
//ThefreedomMatrix
Comment:
here is a link to the graph comparing bubbles
i.imgur.com/nGkGePg.png

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.