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Folks. You can't use old technology, charting for a digital product like Crypto. There are no Assets or Liabilities, no P&Ls, no dividends, no PE, etc. You need new technology with multi-dimensional algorithms to help predict peoples’ sediment because that's what drives rallies. Charts can't predict when someone shorts Bitcoin on the CME and expands the number of issued coins in the process. Futures can triple, quadruple etc the number of coins on issue by issuing paper products in its place. Crypto is not an investment it's a Ponzi scheme as Dr Doom would say with the ability to get rich quick. I play it for fun, to test my algorithm, to feel the excitement of arbitrage, to ride the wave. You MUST only be in the market when you're actively viewing it otherwise sit on the sidelines – Don't lose your shirt or bra be smart. Find yourself an exchange with few players so the prices can be manipulated with low exchange fees, 0.1% is the best I've found for $ trades and 0.22% for BTC pairs trading. The WHALES only make 2% on each trade because their fees are low. Trade like a whale, position yourself inside their buys and sell positions to make easy money.
I can't see any longs at the moment
You truly can't go by the charts concerning the crypto.
In short Bitcoin is lacking of fuel to stay alive. This is why we public figures stepping up to bring people to Bitcoin, I am afraid that they are just trying to raise the price of Bitcoin to cut losses and get money out. My main concern is that it is to late.
In summary Bitcoin will turn out to be the biggest global technology test, that is founded by so many small sponsor. Why it is not sustainable? Once sponsor stop earning "virtually" they will step out, which will bring data chains eventually to broken state and that will eventually kill Bitcoin. Am I the only one seeing this pattern? Sorry guys but this unavoidable an banks adopted technology for their use already.
Key question is who won here.
Everything is FUKT !
Everybody's REKT !
But sitll noboidy gets !
That this is just a start… of a MAJOR DUMP !!!
I just bought so it should go down now..
Nice analysis!!
YAY MORE BULLSHIT FROM ANOTHER USELESS CHANNEL
Thank you for excellent analysis
Nice vid man.. I don't use TA at the moment, changed my strategy lol and it has hit every call for a week now. I reckon we going to dip back to $3650ish then slowly make our way back up north to around $5000ish. Using binance for the strat
Can you also add EOS to your analysis 🙂 thanks man!