CASH IS KING WE ALL KNOW IT SO TUNE IN!
I am going to be giving you REAL updates, I will not over complicate things unless the TA is complicated then I will simplify best I can
I don’t have cannons I don’t have energies but I do have updates worth reading and a sense of humour to go with them.
Let’s start off with BTC.
I am going to be posting trades from now on as I can't stand reading half the horrible posts.... 2K this $0 that NEVER this is BTC it's REAL.
First everyone needs to start to become more real themselves and understand the power of BTC .
Please look back at the 6 of February BTC took a crash to $6,000 and it made news headlines…. Was it worth headlines, NO.
BTC was at $6,000 for a blink of an eye, it bounced so hard hours later we were back trading over $7,500..
The day after 6K we were trading up to 8.5K…. really not that bad. You will see this in the blue circle.
BTC is controlled a lot by fundamentals, not fundamentals that you and I could create on twitter but fundamental releases that governments create, ‘the powers above’.
Now the US releases that they may halt futures trading on BTC , don’t believe it for a second. These enterprises make money off a market dropping at a certain time based off their contracts….
They can release these articles and move the price on a regular basis but don’t sell, don’t bother shorting the bounce is so hard by time you wake up it will be over.
Them releasing news is no different you telling all your friends to buy an alt with 5BTC in volume and driving price up then dumping off. These are whales so don’t fall for their media releases. BTC is the way of the future believe it come to terms with it as it’s here to stay.
Now let’s look at the charts, what is BTC doing? It’s coming back to life, see the RSI on the daily we have lost momentum this needs to return back over 45 to start strong upwards moves.
We are just about to land on the 200EMA this will provide support, if we break yes we will ride the yoyo to 6K and STRAIGHT BACK. We need to not only close above the 200EMA but to close above the black support line to show strength for tomorrow. If not we will continue down.
If we touch 6K within 1 week we will smash the green targets, if we don’t take 6 weeks we will see some sideways action, there is a lot of money not in the market until BTC has a double bottom at 6K.
/////////////// What do we do, HOLD; earn what we can off the alts and enjoy. ////////////////////
I trade alts daily even in these conditions, but collecting 3-5% per day instead of the 30-40% like we can do in a moving market. Join me!
////////////// Follow Cash is King, I will keep it real and we will trade. ///////////////////////