When everyone in the community is screaming go, I say no. When everyone is calling for extremes I say; be calm.
Btc is set up for a bear trap, don't get caught.
- MacD crossover - MA short term resistance hit - Market sentiment; expecting a drop and many calling for a bull (wtf...) trap
We're going to set a higher low that will go to 7800$ max to continue the health market recovery. Don't get caught in the selloff and buy the lows. I'm in fiat waiting to convert my fiat into more BTC.
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Comment; Long-term I am obvious a bull. The davos forum was almost unanimously pro-cryptocurrency with the Asian reps all expecting a 20k-25k Bitcoin, followed by the positive SEC meeting and of course the subsequent healthy market recovery. YES the correction is over, YES we bounced way too hard to not have a short term drop. A healthy recovery consists of higher highs and higher lows!
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We've been down 200 dollars so far which proves... exactly nothing.
The problem of your analysis is the complete lack of credibility, in itself, I see that all your publications on bitcoin is short, being that we obviously had some interesting upward moves. You never published a graphic talking about long
@RodrigoGarreton, All of my short term shorts have been on point. I'm sorry to disappoint, but I've been right. My long term position is, as stated, long.
So no, there's no complete lack of credibility if you've been right on every call. I find that a very disturbing deduction, especially when you can check the charts for my targets. I've grossly underestimated the depth of the drop though, so that could be a problem.
asparoth
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@tammy007, My graphs have been on point, if you don't understand harmonic patterns and fractoharmonics that's fine. There's no reason to make childish statements like this just because you don't understand something.
My BTC portfolio's up 150% since the bear market because I anticipated the drops, while underestimated the depth of them. If I wouldn't have bought in sooner I would've been up much more.
It's easy to spot the breed of a dog when he's 10 meters in front of you. Everyone can do it. The real skill is in spotting the breed of the dog when it's a mile away.
asparoth
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@RodrigoGarreton, My long term target for BTC is $68000. However, price targets in TA are absolute BS.
I see us bouncing towards the 12k-14k range in March.
RodrigoGarreton
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@asparoth, I agree to the long term rise, the only thing I do not understand is how you did not buy the raise from 6k because as I mentioned before, I have never seen a post about you saying "Largo", I'm not doing it against you or anything of that, it only seems a bit strange to me that you never buy and that you only sell
asparoth
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@RodrigoGarreton, It seems obvious to me that you would buy anything sub 8k. I'm a big Bitcoin bull, but I'll make a long graph later today. But, like I said, price targets are BS especially long term. My last BTC drop chart was almost on point until we broke the second support. It seems to be following that move now though.
RodrigoGarreton
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@asparoth, Btc is constantly playing with 200ma is something that makes it difficult to graph of 4 hours, as there is also a very particular volume, lately the graphics are coming "ambiguous" I think we are still in a market undecided, I do not see a possible pressure for none of the two parties, at some point this should explode, it's just a matter of calculating where to shoot.
Regarding the observation about your lack of "lengths" for you and me it is very obvious that 8k down is a super price, but bear in mind that every day new people are incorporated who do not have IDEA, so just reading people saying shorts can lead them to sell in fomo, try to bring something good to the whole community and not just analysts who have knowledge
asparoth
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@RodrigoGarreton, I don't use the 200 day ma. I use a fractoharmonics approach with a 7, 77 and 231 day approach on a 4 hour chart (should be a 343 minute chart) for short to mid term trends. I'm working on a BTC long term chart rn and will post my findings ;).
tradingview.com/u/asparoth/