Small time investors will be looking at the ordinary charts and saying we've probably hit a ceiling here.
My message is: Not so fast guys! You're not looking at the Logarithmic charts, and the ceiling is all the way up there at 26-28 usd to zar.
Massive investment institutions will short a market just enough to push weak hands out, but not enough to break the company.
Although if that happens they don't care either...
Yes, I too thought I was losing my mind, but luckily I held on, otherwise I wouldn't be 20 percent in the green today!
Yes, I do realize that halving is coming up
I also know that Blockchain is a groundbreaking technology
What I struggle to understand is the unguardedly bullish stance many take in these times of Covid 19
Firstly, we're under the 200 MA. That's Prima Facie Bearish
Secondly, we're still in lockdown in most of the world. That means much of the world's middle...
We all know them: The kinds of people who would claim they never use the toilet.
My advice to you would be to block them from facebook and block them from in real life.
Real energy wasters.
I say this as we consolidate around the 50 % retracement level.
Unfortunately for "investors" in Bitcoin, Bill Gates' control grid is not made with them in mind.
Say hello to your slave-masters, Bitcoiners...
You didn't honestly think he or the Rockerfellers would allow us to govern ourselves? Did you?
As long as price remains below the 50 monthly moving average, I see no reason to buy.
Of course, we haven't finished this month yet.
But Bill Gates and his friends are fighting back for control of the Economic grid, and I doubt people are awake enough to know the truth.
Of course, I could be wrong. But knowing people...
I think holders are understandably spooked by the massive selling yesterday.
Some still believe the mainstream media about Chloroquine's exaggerated dangers, a drug commonly found in tree bark which goes into everyone's gin and tonic.
Soon sellers will have to relent and this will give way to massive buying.