I'm enjoying the ride as much as the next moon boy, even threw out the Ramen since I can now afford hot pockets, but the $BTC rocket blasters may soon run out of fuel. To ensure I do not have to dig through the trash and retrieve my discarded Ramen, I will be tightening stop losses and locking in profits at predetermined exit points.
A few things to consider:...
Long term trendlines are converging...either #alts will #explode, $BTC will retrace and gain dominance or #BTC #moons and gains #dominance...either way, something is brewing
I personally think we will see #Bitcoin gain dominace and bounce off the trendline
Which way do you think its going to go?
Do you think we will see #Bitcoin rise to $11k+ before a potential pullback and test of $5k support? Let's squeeze a little more out of this before we all start shorting!
I always appreciate feedback
Not Financial Advice
...Bitcoin (BTC) is not as far along the logarithmic chart as many think? What if, there is a correlation between exponentially increasing gains & an increasing Bear cycle? Are we seeing a false breakout clouded by hopium and dreams of Lambos? It would not be surprising to see Whales pump the price and dump on everyone.
January has not been good to BTC in...
Each yellow vertical line represents a 6 month time-frame from the date the Federal Reserve increased interest rates. March 28th, is quickly approaching. Note what has occurred previously. Prepare yourselves.
DYOR, Don't be stupid money. Be Smart Money
*This Is Not Financial Advice & Is Purely For My Own Entertainment*
#FederalReserve #InterestRates...
Many experts say it takes roughly a year for the markets to reflect an increase in Interest Rates by the Fed Reserve. This Chart pinpoints the market 1 year after the Interest Rate was increased by the Fed Reserve (2015-Present).
The last Interest Rate increase of 2017 occurred on Dec. 14th...interestingly enough, 1 year later, Dec 14, 2018, the market...
Great AI project on the Blockchain
SingularityNet ($AGI) has been performing well since reaching an All Time Low in late September. Currently testing the upper limits of resistance. High probability of retrace. Short & accumulate. Stock up for Christmas & enjoy the ride.
*This is not investment advice and is for my own personal pleasure*
...as we progress, $BTC continues its move within three different triangles. #Bitcoin has almost reached the upper resistance of the Long Descending Triangle (Red) and the Short Ascending Triangle (Blue),while staying within the limits of the newly formed Ascending Triangle (Green).
This appears the be the end of the "Dead Cat Bounce" that many have referred...
In my unprofessional opinion, I think the next few days are crucial for $BTC...a small upward trend has formed in the long descending wedge...or will the price fall through the current support levels... it could go either way...showtime
I am still very skeptical over the Current BTC run...I do not believe BTC has reached bottom, even after this current run up. This basic chart, plotted in May, still shows the price is within the set window. If it is a Bull Trap, the sell offs will begin soon.
