With the crazy alt party of late, we're high on profits and life is good but deep down, we know the King bull will return it's run sometime. The night can only go on so long and it's almost time to sober up.
Key Technical Indicators:
- MACD almost crossover - ABCDE corrective wave almost complete - RSI (although only 40) has indicated a bear exhaustion - Back over Ichimoku Kumo on 4Hr and climbing Kumo on 8Hr
The health of the charging (leading) bull is indicative of the health of the overall crypto market. With bitcoin leading the charge, although we may suffer temporary 10-20% loss in satoshi value, it almost always comes back 100-200% (on good coins) when Bitcoin corrects... and of course, we're never down in USD value for more than a few days.
It's important that we wish well for the health of Bitcoin as the symbolic power of crypto to draw more strength away from fiat. At the same time, as the media and social attention towards crypto increases over time, we can then promote more advanced protocol alternatives. Adoption comes in stages and we're the early adopters.
until this is regulated and i am talking about trading bots, dont know why coinbase is allowing it unless they r scooping big profit from it and no wonder they dont want to release their trades and clients over to FBI cause they r in on it with this trading bots. Unless trading bots are banned forever bitcoin price is in hands of 2 trading bots
Johnsonysu
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@zoran83ns, We use technicals to identity good short term entry points for a long term hold based off fundamentals. Bots and manipulation are all short term tactics that have limited long term impact. Consider changing your overall strategy away from trading if it hasn't been working for you.
@Johnsonysu, r u serious now????? Bots control all bitcoin market!!!!! There is no big whales that make purchase thru those walls or sell. This is all controlled by 2 trading bots and it will be like that until it gets regulated and ppl behind it go to jail!!!!!! I am watching GDAX for 7 days straight and all price is manipulated long and short by 2 bots and why coinbase and other platforms dont ban them???? Please tell me how is this legit to steal peoples hard earned money by 2 computer software and what makes me worried even more WHO ARE THOSE PEOPLE BEHIND IT???? It could be North Korea for all I know
Johnsonysu
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@zoran83ns, Investors and indexed returns always outperform traders in the long term for this exact reason. Bots and price manipulation is a big problem for short term volatility traders.
zoran83ns
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@Johnsonysu, cant wait to see if this chart proven to be right i will follow it and lets see
quick question, why do u make stupid charts when crypto is not like stocks trading????? Dont u follow GDAX and see that trading bots r deciding where bitcoin price is going???? u always have 2 walls making it low and then high and scooping profits on the way. I am so tired of this stupid charts when they wont happen.
karacter0
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@zoran83ns, sorry. New to all this. Can you explain your thought, "U always have 2 walls making it low and then high..."?? thanks.