BTCUSD Start to fall and broke two support line and now we need woking with two more strong support line + fibonacci levels. Apocalyptic view for Bitcoin;)
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Fall is always faster than growth
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<deleted>
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How do you find shock therapy? I think this is not the end
So many people are looking for an entry point and will be buying in at the smallest drop, which will support BTC and keep the price up. Just get on board now or lose out on the big increase. Don't worry about the technical analysis, look at the number of people who want to get in. Look at the number of people who don't even know about crypto currencies yet and who are going to buy in soon.
Finferli
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@deonjoubert, there are not only newbi, it is not like everybody is waiting to enter at the first minimum drop. There are plenty of enough smart and patience people out there waiting to enter at 3000 or over 4450 $
deonjoubert
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@Finferli, What you mean by enter at 3000 or over 4450? Never mind, each to their own opinion. I'm in it for the long term, so I don't care about the week to week fluctuations. Astute investors, who have made accurate predictions in the past are predicting very high increases in the price of BTC and these predictions are not based on technical analysis.
exkuji
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@deonjoubert, when most BTC hold only 1000 address it is not smart to think that price will go up and up. As soon as Buy orders fall vs Sell orders big correction will come up. Why whale need to hold BTC when they can Sell High most of bag and Buy Low? It is 3 time when price are pumped up, and i am sure it is not the last one.
deonjoubert
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@exkuji, What are you talking about when you say BTC hold only 1000 address? I think it is smart to hold on. You can buy and sell if you want, but you will make errors because you cannot predict when it is going to go up and when it is going to go down, your errors will probably cost you more than someone who holds on. You might be a smart trader and that's great - I'm happy for you. Ask yourself if BTC adoption is increasing or decreasing. If it is increasing, then the price must go up.
exkuji
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@deonjoubert, Majority of BTC are hold by 1000 addresses. It means that most of BTC hold wales like trading companies or etc. BTC will work same on 1k and on 10k price. Price depends only on what we are ready to pay for it.
As I am ALT coin trader I see it every day. Wales manipulate market and 90 percent of people, who comes to market first time, loose their money.
BTC can go either way, but it will work same as it is 100 dollars or 1 million dollars per unit so does price must go up from 4k?