This idea is valid if and only if these statements are true:
I. Bitcoin 3.48% is currently in a market crash
II. The price of Bitcoin 3.48% declines in a similar fashion to its rise
III -1.55% . The price returns to $1,100 which is near the previous all time high of $1,175 (2013)
This is not investment advice. In a paper-trade (simulated trading process), you could place the trades outlined on the chart to see how they perform.
I. Bitcoin 3.48% is currently in a market crash
II. The price of Bitcoin 3.48% declines in a similar fashion to its rise
III -1.55% . The price returns to $1,100 which is near the previous all time high of $1,175 (2013)
This is not investment advice. In a paper-trade (simulated trading process), you could place the trades outlined on the chart to see how they perform.
Comment:
Notice the death cross between the 50 and 200 day weighted moving average:
Comment:
@damdamm,
I don't have enough influence to make the market crash. Just check my reputation on trading view and my followers on Twitter. Very few people know that I even exist.
I actually don't want the market to crash. I was in a much better place when BTC was at $20,000. But, as you know, the market does what it wants regardless of what we want.
I'm not spreading FUD but calling it like I see it. As stated many times, I could be wrong in my analysis.
That's a funny comment regarding inverse indicator. I like it.
Thanks for the compliment. I've also put bullish scenarios into the minds of those that click on these posts. I've stated many times that these are posted as experiments and are only ideas. There are plenty of people who post bullish scenarios but it is also wise to consider bearish outcomes for proper risk assessment and capital management.
I'm definitely not a market maker!! The bullish scenarios that I have posted for DGB are still valid with respect to where the price can go in the future but the timing is off. I couldn't have anticipated the crash.
I don't have enough influence to make the market crash. Just check my reputation on trading view and my followers on Twitter. Very few people know that I even exist.
I actually don't want the market to crash. I was in a much better place when BTC was at $20,000. But, as you know, the market does what it wants regardless of what we want.
I'm not spreading FUD but calling it like I see it. As stated many times, I could be wrong in my analysis.
That's a funny comment regarding inverse indicator. I like it.
Thanks for the compliment. I've also put bullish scenarios into the minds of those that click on these posts. I've stated many times that these are posted as experiments and are only ideas. There are plenty of people who post bullish scenarios but it is also wise to consider bearish outcomes for proper risk assessment and capital management.
I'm definitely not a market maker!! The bullish scenarios that I have posted for DGB are still valid with respect to where the price can go in the future but the timing is off. I couldn't have anticipated the crash.
Comment:
Let's hope this idea absolutely fails!!
No, these statements have not been invalidated so far.