I’ve been stop lossed two times now trying to enter bullish position at 41K and 39.5K yet Bitcoin still wants to drop over 15% after the “Russian pump” now all i can do is turn bearish and target 28K as my take profit.
super disappointed to see this whole thing collapse and the FED threatening to kick us while we are down. This seems like a huge play to just give institutions the ability to start buying in at the lowest floor ever its officially a SCHEME like stock markets. No confidence, no volume despite the news reporting so much volume this and that = GARBAGE/PROPOGANDA.
The agenda of mass media is striking fear into everyone, making this about “Russian Citizens Evading Sanctions” when really the government just wants to tax the living hell out of crypto and monitor everything under their filing cabinet. The war on terrorism now gives governments ability to lock people out of their federally funded capital no questions asked. Now they want to be able to deny basic rights to even transact crypto based on where you live and next it’ll be your political views, religion, race, etc…..Tyranny
Technical Analysis is great, but it doesn’t overpower the lack of human ability to think rationally or educate themselves. We are people, we are stupid, and buy in at the top and sell at the bottom is the new motto for this new generation of investors. I’m sorry to rant but I’m bearish AF, should have been back when we rejected 45K four times before.
Panicking too much ;) I was shorting BTC and now I’m bullish from this point. It was all expected. 50-60k next imo. RSI resetting nicely and people positioning themselves for long entries.
You were right I panicked too much can’t let the news and hype get me down
KannanSingh
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your critical thinking is well n alive.
DeFiGuy_Yoo
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Btc only went up recently because of Russian banks being hacked. I expect a 28k btc honestly next week or so in the form a kangaroo candle with a big ass wick. This choppiness is perfect though shaking out the weak hands everyone will fomo in around 60k pushing btc to its ATH, but might be a while BTC cycle should peak September 2023 at around 150-160k.