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Bitcoin Korrektur auf 34.000$?
BITCOIN: TERRIBLE MOVIMIENTO QUE LO CAMBIA TODO PARA BITCOIN!!!! MUCHO OJO
Where is the Bitcoin local bottom?
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To me, the reason this drop is more distressing in the short term, is that it is coming IN CONFLUENCE WITH several serious indicators of further downside. Unlike prevous recent drops.
Very nice words of encouragement to new people. You're right, we were all there at one time.
Moving between losses and gains on its neutral weekly outlook makes it a tough decision for investors to decide how best to utilize the current market; as for me it can't be more obvious that tradlng Bitcoin is way more lucrative than just hodlng and waiting for the price of Bitcoin to skyrocket. I didn't think it was possible to make a constant win from tradlng till I came across Doc Richardson's program for investors / newbies who lack understanding on how tradlng Bitcoin works, to help them stack up more bitcoin, since late last year till date I have made over 6.8₿tc from 1.6₿tc with Doc's help. You can easily get to him on ᴛᴇʟᴇɢʀᴀᴍ (@ * carlsontrading *) for crypto inclined concerns.
I have never understood why sma is used as a support when it should be used as a centralizing point.
The fit should be one whereby the prices consistently is hovering above and below the mean. Whereby the difference is approx normally distributed
As a battle hardened investor I can tell you you never know when bear market comes
Not as bad as the plunge to 3500 circa 2018 .. this one is just a correction. Also, you never get a flat top like we are seeing over the last couple of months, it's usually a spike at the very top of the cycle before it crashes. Until we get that massive short fomo spike, then we are just not there. But I gotta say, the alts are really taking the wind out of bitcoin's sails this time, that's the biggest danger for the cycles now – everyone spreading their money into the prototypes.
lets call it what this is, not a correction, it is crash. Correction is -10%
it would indeed be very nice for btc to go down to the support band!
Any time I need some grounding, I come here.
who is laughing now at the Pi cycle cross?
So far BTC / USD lost over 25% on this drop, yet BELA. / BTC valuation only gave up 10% by comparison – We're riding the bleeding edge of the efficient frontier, an analytical tour de force by Ben.
"bull markets make you money, bear markets make you rich". – true true true.
Ben, have you thought about looking at the 21 on the 5 day instead of the weekly? A lot of people think that now that we have CME and the market is moving more to a professional 5 day schedule, maybe that fits better than a 24/7 market. Thanks!
How much does US Pres Bidens threat of higher capital gains tax screw with the cryptos though?
Guys I've been here since the first MTGOX hack. That was the 2011 Top. Silk Road top early 2013 and 2nd MTGOX hack December 2013. The FORK Wars of 2017 and Bitconnect dump/Top of 2017 and COVID dump 2020. Just relax we are more than likely going to the 20W. Buy at that point if your not on yet…
Yup, Wycloff distribution gathering those buyers up high.
The hero we needed.
down to the bottom, 2000 dollars
Looks like the Pi cycle chart has more validity than was speculated
Hey Ben not sure you’ll see this comment but I’m quite curious to know what you think is likely to happen to alts in the event that this is a double peak cycle reminiscent of 2013? Thanks
I love his conservatively bullish mindset.
we going down. im ready for the bear market so i can load my bags.
Your models are so uncanny that it’s scary. Props to you sir!
Hey Ben, love how you frame things. Nice, calm and well explained. 🌈☀️
Hey Ben…how about a post mortem on the pi cycle top indicator and whether or not it predicted this correction?
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