BCD...the next (short lived) VET?...Hopefully for me anyway.
What up Fiancial Amigos!!! Happy Friday and New Year to those celebrating.
I know BCD gets a bad rep, for pump/dump reasons mostly. BUT STILL!!! I mean come on, look at this f'ing chart.
When I got into trading crypto I quickly learned to never assume no chance a coin going any lower. And I am not assuming that now. Sure, the possibility is there and always will be...BUT STILL, look at that chart!!! I think Alan or some other smart guy on here discovered recent drop was from binance withdrawals being approved? Please correct me if that's incorrect, but if not, then I like BCD even more (short term).
Either way I seem to be taking the chance and rolling my dice on a boat load of 2$ BTD. Especially with the usual trend for very rapid increase in price (and unfortunately also a decrease).
Also, I do not agree with the current (seemingly majority) sentiment BTC will see sub 5K range, or anywhere close to that in the VERY near term. Last week everyone was riding high, celebrating the soon to be 10K BTC...then BTC drops a few hundred points and ya'll complain the world is ending.
So while I am trying hard to convince myself my current belief is not just FOMO or self biased greed, as often it can be. Rather, I think the current trend seems oddly familiar. Something seems off here, but in a good way, at least for those playing long. Shorts getting super high again, and often sentiment instantly changes when BTC has a slump day or 2 (or 3 or 4 ;). I just think all the cards have been stacked perfectly and it's about to be gametime.
Just as I said in my 1st post back in April, it's been a slow yet steady overall increase since the crazy recent lows following ATH. Sure some regression but that's likely planned and for a specific purpose, to worry people mostly. Well, shorts usually make money, maybe, and while I seem to be a perma bull, either way, SHORTS certainly DON'T ALWAYS play out well. And right now, clearly it's time for some positive movement and the others to make some actual profits.
The whales, institutions or whoever plays our strings are about to gear up to make their year end bonuses so they can pay for their 5th divorce, bratty kids Ivy League schools/probable lawyer costs and of course to cover up their yearly embezzlement/insider trading that's coming to a sudden stop. And this time, I feel like joining along for the fun. The profits I mean, not inside trading or bratty kids stuff.
After all, the market NEEDS a turnaround now for sentiment and new investment.
Of course the people with black cards could plummet it down to nothing, but WHY?!? It would be way more profitable for them to increase substantially in short term. Say 9,300 ish. Then dump just as more noobs come in with their 2nd/3rd mortgages, student loans and credit card debt, all betting way more than they should due to the FOMO, positive news coverage and lambo stories from a friend of a friend. And then we all know what happens, just when we least expect and are ready to pop bottles at 10K...BAMMMM, down to $5,275ish and the whales will drink everyone's tears with joy.
But...then finalllyyyyyyyyyyyyyyy you annoying bears with your weak attitudes and lack of gambling instincts will finally be cheering, "Healthy correction!!!, the decision has been made for me again!!! yay!!!" And then, maybe anyway, you boring bears might find you've become a short term bull preparing for new ATH (or close to it anyway). But we all know what happens then, right?
-Mic Drop-
I know BCD gets a bad rep, for pump/dump reasons mostly. BUT STILL!!! I mean come on, look at this f'ing chart.
When I got into trading crypto I quickly learned to never assume no chance a coin going any lower. And I am not assuming that now. Sure, the possibility is there and always will be...BUT STILL, look at that chart!!! I think Alan or some other smart guy on here discovered recent drop was from binance withdrawals being approved? Please correct me if that's incorrect, but if not, then I like BCD even more (short term).
Either way I seem to be taking the chance and rolling my dice on a boat load of 2$ BTD. Especially with the usual trend for very rapid increase in price (and unfortunately also a decrease).
Also, I do not agree with the current (seemingly majority) sentiment BTC will see sub 5K range, or anywhere close to that in the VERY near term. Last week everyone was riding high, celebrating the soon to be 10K BTC...then BTC drops a few hundred points and ya'll complain the world is ending.
So while I am trying hard to convince myself my current belief is not just FOMO or self biased greed, as often it can be. Rather, I think the current trend seems oddly familiar. Something seems off here, but in a good way, at least for those playing long. Shorts getting super high again, and often sentiment instantly changes when BTC has a slump day or 2 (or 3 or 4 ;). I just think all the cards have been stacked perfectly and it's about to be gametime.
Just as I said in my 1st post back in April, it's been a slow yet steady overall increase since the crazy recent lows following ATH. Sure some regression but that's likely planned and for a specific purpose, to worry people mostly. Well, shorts usually make money, maybe, and while I seem to be a perma bull, either way, SHORTS certainly DON'T ALWAYS play out well. And right now, clearly it's time for some positive movement and the others to make some actual profits.
The whales, institutions or whoever plays our strings are about to gear up to make their year end bonuses so they can pay for their 5th divorce, bratty kids Ivy League schools/probable lawyer costs and of course to cover up their yearly embezzlement/insider trading that's coming to a sudden stop. And this time, I feel like joining along for the fun. The profits I mean, not inside trading or bratty kids stuff.
After all, the market NEEDS a turnaround now for sentiment and new investment.
Of course the people with black cards could plummet it down to nothing, but WHY?!? It would be way more profitable for them to increase substantially in short term. Say 9,300 ish. Then dump just as more noobs come in with their 2nd/3rd mortgages, student loans and credit card debt, all betting way more than they should due to the FOMO, positive news coverage and lambo stories from a friend of a friend. And then we all know what happens, just when we least expect and are ready to pop bottles at 10K...BAMMMM, down to $5,275ish and the whales will drink everyone's tears with joy.
But...then finalllyyyyyyyyyyyyyyy you annoying bears with your weak attitudes and lack of gambling instincts will finally be cheering, "Healthy correction!!!, the decision has been made for me again!!! yay!!!" And then, maybe anyway, you boring bears might find you've become a short term bull preparing for new ATH (or close to it anyway). But we all know what happens then, right?
-Mic Drop-
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.