Solc ethereum news
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After I've posted my bullish TA on Bitcoin https: As I always like to stees test my analysis and ideas, I've looked into the reasons why they would think that and what other analysts are projecting. I think that he is the main propagator of this target price.
For more info check out his newest video:. Not being sure what to think anymore, I've started to look in the other direction and that is the market cap of cryptos in general. There is a lot of FUD fear, uncertainty, and doubt in the markets, and there are not many aggressive buyers willing to buy Bitcoin at these prices.
For that reason mainly psychological, and emotional perception of the price , I think that there just may be another dip coming,. So another approach came to my mind - Bitcoin's price depends on the market cap, being the main fiat- crypto gateway, and it's not looking good.
After staring at charts for a long time now every single day, I think that I've developed a trading visual intuition when evaluating chart patterns, and this pattern knows as Head and Shoulders, is most logical and intuitive to me. For all of those who don't know what that means check this link: The Head and Shoulders Story Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend. Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high the head. At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend. However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground.
Bulls try one more time to push price upward, but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the bulls' defeat and bears take over, driving the price downward and completing the reversal.
This difference is then subtracted from the neckline breakout level at a market top to provide a price target to the downside. What might cause this decline? The answer is psychology. The market cap went from B at the peak to B at most recent low. They waited patiently for a rebound, but there's been an almost a month with nothing happening, so they started to go inpatient. They are now thinking "where is the other B of capital, and why aren't people coming back to the market to push up the prices back to where they were?
The logic at play here in my mind goes something like this: Maybe I'll pull out a half of my money just in case. I don't mind losing some bitcoin if it goes higher in price , but I do mind losing money. I will be closely monitoring the market cap in the following days, If the neckline is breached I will proceed to close my positions and evaluate my exposure.
Whenever they feel like stepping back in is when this will return to a bull run. If there mission was to kill bitcoin then this is falling down to the proper value. The whales, banks, wallstreet are greedy bastards, all they care about is cash.
You think the last crash was hard, the next one will put some people in so much debt there future generation will be paying it off. You may say, i will get out in time I am writing these words and will probably be caught out myself. I saw Tones vid I got also indicator.
I dont got so much experience like Tone. But we made 2 times higher lows. So its still not clear if panic selling is coming but we need to reverse the next 12h thats for sure Tone told all tell "we go to 20k" but my feeling is all tell "we go to 8k". How viable would it be to use Google search data to discover trends, correlations and future price movements? I have been playing with this idea for a while now. Especially when you are the first to reply. Are the markets going do go down further?
For more info check out his newest video: Let me know what you think, I am eager to hear your opinion. Authors get paid when people like you upvote their post. The banks want to kill Bitcoin, its a threat to there existance.
And have you found out anything useful? I upvoted you, would you upvote me also.