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Anyone ever stop to consider if everyone is saying $3k is the bottom, why would anyone sell at $3k? Much like in 2015 when I’m sure most thought $150 would be the bottom and it came to $162. BTC feels bottomy
Idk what’s more annoying. BTC price action or the crypto conversations I’m going to have to have with family members on Thanksgiving
Just think for a minute for those that join paid pump or trading groups. If the admin(s) was/were as good as they claim, why don’t they just become wealthy off of their own skill and not let others in on their “secret trading strategies”? Winners don’t cut corners.
Still somewhat surprises me how few are talking about the sleeping giant zcash
Otherwise, you're investing your money into the hands (mind) of someone you likely don't know, are unaware of how much time they've spent analyzing, and also their views on time frames.
A coins price is simply what one investor is willing to buy/sell for. The best way to succeed is to educate yourself on cryptocurrency and trading and use other's opinions as a means to compare to your own.
Also, because a coins market cap is at x value, is not indicative of what the future coins market cap has to be for the coin to be a x price. The price is tied with the coins satoshi value as well as the most important aspect which is supply/demand.
I see too often individuals say that a coin can "only" go this high etc. etc. but fail to realize (or not understand) how all three charts (coin/btc, coin/usd, btc/usd) are all correlated. Find R/S levels on all three charts then analyze various scenarios.
I think one important thing to remember in cryptocurrency markets is not to over analyze a specific coins max USD value. Analyze it's satoshi value then analyze BTC's USD value.
When the bull really decides to run it’s going to smash through your resistance lines , fibs, Ichimoku and points of control No TA will be relevant 🤷♂️ $BTC
Remember, the shorter the time frame, the more prices are subject to noise and the random nature of buyers and sellers. The higher you go on the time frame, the more you can see trends and the patterns of accumulation and distribution of a market, near key moving averages.
In reality, no one has a clue what’s going to happen. Look back to dates when btc has had squeezes or big moves up and then look at what your favorite analyst was tweeting days leading up to that. No one can predict days months or years in advance with absolute certainty.
“The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing. They’re always pushing.” - @theRealKiyosaki
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