@Bitgolder, these retail traders can't accept a good chart when they see one
Ether2020
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@BTCINVESTING, My friend, if I read your analysis here above than BTC almost cannot go lower anymore. But this system is waterproof until it fails. What do you think about the world situation? Do you think the stocks and crypto are going to start a new bull market in the middle of an escalating war and so many other things?
The Dollar is rising like a rocket, which is very bearish for crypto. We will see many rate hikes in the US and every time 0.75% is expected.
I have no bias for up or down. I prefer absolutely a bull market because there is where you can make money, but I do not see it happen soon. The chart of BTC looks so perfect, but that is an indicator, and it works perfectly until it doesn't. Can you show me the same chart you have posted here but then 6 months or more ago? That would be very interesting because with moving averages you can play until they have a perfect fit. Let us see what happens in the coming months, but strange things can happen in my opinion. BTC is anyway the best of all crypto's and I believe it will go higher if the world situation will start to improve.
Happy trading!
BTCINVESTING
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@Ether2020, my dear friend, i remain optimistic. the soup is not eaten too hot as it is cooked. yes we are in a difficult situation. no doubt. i always buy the dip and the bad news. this is the best time for investments. and bitcoin will become established. with the shitcoins it looks a bit different.
Ether2020
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@BTCINVESTING, I am also pretty sure Bitcoin will survive and that is the question yet with many ALTS. However, I am not optimistic for the time ahead. I see a longsignal in many indicators, but as you know it works until it doesn't work once. This time is unlike anything we have experienced in the entire history of Bitcoin. That's why I don't trust the signals until there is confirmation.
I have learned over the years that it is extremely difficult to catch the bottom even though it looks easy on the charts . So I wait patiently until there is confirmation that things are moving in the right direction. By the way patience is an unimaginable trait to make gains. For that, of course, you don't have to suffer from FOMO.
Technically it looks like a buy signal, but macro-economically it just can't get any worse. So that's immediately the reason I think we're going even lower. Bitcoin at 10k is a dream, but even then it can go further depending on the state of the world. I am not saying it will go lower, but anything is possible in this madness of war, inflation, crisis upon crisis, covid, interest rate hikes and last but not least a rising Dollar. That was my idea. Wishing you good trades and profits my dear friend!