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Dangermousebanana
Sep 4, 2020 7:57 AM

Worried about the crypto market ? Not yet !! Long

Bitcoin / United States DollarCoinbase

Description

I am not yet worried about the crytpo market correction !
It seems to be quite brutal, but we are used to it !
Could that be correlated with a stock market correction ? Possible.
Could that be correlated to Gold "safe heaven" type assets ? Possible.

I see Bitcoin finding support on the (white) rising support line. There is nothing bearish I can see, yet !!
If it breaks down, we could adapt. However I will HODL anyway !!

Personally I will hold and not sell 1 unit of my crypto holdings.
Just very happy I moved 40% of my Altcoin holdings into XRP the last week, since XRP is holding up quite well on a relative basis !!

Whatever people say ... Cryptocurrencies are in a bull market ! With all the monetary wickedness happening around the world, I just do not see a bearish case fo digital assets !
Comments
PolarHusk
looking good, nice work +
ProjectSyndicate
looking good so far, appreciate your effort, well done!
Co1nN3rd
It would be nice if fantasies are true, but they disappoint. SHORT IT!
Dangermousebanana
@IDiDNTHODL, My thesis is not based on fantasies. But I implied in my post that I could get bearish if support doesn‘t hold.
Dangermousebanana
@IDiDNTHODL, look at my other two altcoin posts !! There is no reason to be bearish right now !! How are your short playing out ??
Co1nN3rd
@Dangermousebanana, Wee, i'm swimming in profits .. let's go
Dangermousebanana
@IDiDNTHODL, well played !! Congratulations !
Dangermousebanana
@IDiDNTHODL, however I am still not bearish. Is something wrong with me ?
Dangermousebanana
@IDiDNTHODL, if 9600 - 9800 level holds then it’s just a backtest of the descending (former resistance) now support YELLOW line...
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