What's up people of tradingview . Bitcoin is finally doing what we've been saying it would for MONTHS. The momentum has switched, as we all know nearly every TA tools is a different visual representation of volume movement and price momentum. When the volume of a market spikes THIS HARD we no longer need anything else to assess the direction of the market. Look at the difference in volume in the last 2 days. That volume increase is ABSURDLY HIGH. We are going down and I suspect that the 8.5k consolidation level might be BROKEN HARD due to FUD bullshit news. We have not really heard or any big crypto news in a while and I smell something is cooking. If we break the 8.5k level I expect we will go down HARD and FAST all the way to $4700 and perhaps even lower. The big boys are retaking position into what is soon to be a very bullish market.
We won't get bullish until everyone turns bearish.
NewYork888
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Great post - about two months ago or so we posted that BTC would be headed to $3,200 and we got all the hate mail etc. We write our own algos and nothing has changed. Good luck.
caimano
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Guys to get there we need another 3 months of bearish market, in this case, I will see a huge drain of users, believers and traders that very hardly we never get back in this market.
Personally if we get in 3-4K zone from the all time high 20K zone I will consider crypto has the biggest bullshit-Ponzi-scheme-scam of all time and, as anybody else in world, i will never touch again...and probably, we will see a huge shift of cryptocurrencies in a total different directions....maybe just government digital currency not tradable.
Again, do you see how hard is to trade with these lower volumes, imagine if we go back to 3-4K....oh man, will be impossible to trade, anybody with just few thousand dollars, will effect the entire market.
SoNiC_PL
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@caimano, who cares if you would be still in this market? Bubble means bubble, sometime you win sometime you are lost.
You would only pick all the way up scenario for sure - even I after, almost a year here, understood corrections might be hard and deep. This one crossed 50% first days - it was a sign.
You are one of those "shaky hands" here, came for quick profit left with nothing just loss.
Think about it twice, make your decision whom you are here.
Jackrl
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@SoNiC_PL, I guess he lost a lot of money and hes mad about that...
Less marketcapitalisation means cheaper coins right?
I bought iota for 20 cent and neo for 5 Dollers =)
SoNiC_PL
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@Jackrl, not only he is in such state. Me too, I just cut losses.
I bought 0,35 IOTA but lost thousand of times before it reached 5USD :) who might have called such rush ?
Jackrl
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@SoNiC_PL, ofc iam? :D
I sold all my iotas of reaching 1 doller target again, stupid mistake...
and to btc, i saw a bullish plattern, possible brake out to 10200! :>
Crypt0zTrading
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@caimano, Ahhh the good ol days.. When crypto was about the tech and not lambo's...
forsaken999
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@caimano, "going back to 3-4k will mean there is no volume and anybody with a few thousand dollars (what, 1 BTC?) will effect the entire market".