Hello traders,
after long time I decided to post here, just to know whats your ideas and opinions are about Bitcoin.
Do you believe we are bottomed and bright "moon" future is ahead of us
or
you of the opinion that the worst is just about to come?
Dont be shy and share your opinions in comment section, you are very welcomed
_______________________________________________________________________________________
Reason I didnt post here is simple. People just refuse to be reasonable and realistic in discussion and every time they dont share same opinion are offending in DMs, ever since I warned everyone what is about to come back in May and Jul of 2021! . For those who not believe, check it yourself, its still out there and it will be forever .
_______________________________________________________________________________________
With that said, My opinion right now is that, we are at very dificult times to made a decision about where market is going since there is not clear path infront of us with everything whats going on around the world.
So we potentionally may head both way, but in my view more realistic path is further down BUT in not may happend immidietly so we may see potentional "rallie" to make people believe that we are out of the worst and then it just happen, as it was at March2020..
Reason, what makes me believe that we may potentionaly see the run around 26-28k-price area in Summer, is a fact that its summer. Simple like that. Summer is good for economy in general since people use to spend time outside doing activities or going on holidays ect. which mean they are spending money. So its all good for short time...
BUT then fall will come and illusion of summer is gone and markets get that reality check that not everyone is fine and we are experiencing market and economy conditions we didnt experienced in our lifetime (unless you are 90+).
So we should learn from historic events, and they said it may get worse, much worse as it is right now. And same goes for CRYPTO..
Yes, I know, right now you thinking whats that fool saying, we are done.. But we are most likly not and one and only SIMPLE reason is that Crypto never experience BEAR MARKET, and I mean PROPER BEAR MARKET where all markets are heading south for years, not only one to two years "panda bear markets" where it loses 85% and then recover as "normal" , but it loses 95% of ATH value and stay there for YEARS... And there is evidence for that behaviour in charts so its already happend in past, and there is no reason why it couldnt happen again. Think about it before you listen to some of "yours gurus" telling you should buy with your last dollar and you will be rich soon. Cause there is good % chance that you wont.
____________________________________________________________________________________________
If you here just because of short term time frame, I think we will keep bleeding at least to 20.550$, but before we reach it we may see bounce at least to 21.3 -21.5k BTC. That would be time to try Short BTC again. After it reach that price (20.550$) its all open on both sides in my opinion.
Best regards,
Joe
after long time I decided to post here, just to know whats your ideas and opinions are about Bitcoin.
Do you believe we are bottomed and bright "moon" future is ahead of us
or
you of the opinion that the worst is just about to come?
Dont be shy and share your opinions in comment section, you are very welcomed
_______________________________________________________________________________________
Reason I didnt post here is simple. People just refuse to be reasonable and realistic in discussion and every time they dont share same opinion are offending in DMs, ever since I warned everyone what is about to come back in May and Jul of 2021! . For those who not believe, check it yourself, its still out there and it will be forever .
_______________________________________________________________________________________
With that said, My opinion right now is that, we are at very dificult times to made a decision about where market is going since there is not clear path infront of us with everything whats going on around the world.
So we potentionally may head both way, but in my view more realistic path is further down BUT in not may happend immidietly so we may see potentional "rallie" to make people believe that we are out of the worst and then it just happen, as it was at March2020..
Reason, what makes me believe that we may potentionaly see the run around 26-28k-price area in Summer, is a fact that its summer. Simple like that. Summer is good for economy in general since people use to spend time outside doing activities or going on holidays ect. which mean they are spending money. So its all good for short time...
BUT then fall will come and illusion of summer is gone and markets get that reality check that not everyone is fine and we are experiencing market and economy conditions we didnt experienced in our lifetime (unless you are 90+).
So we should learn from historic events, and they said it may get worse, much worse as it is right now. And same goes for CRYPTO..
Yes, I know, right now you thinking whats that fool saying, we are done.. But we are most likly not and one and only SIMPLE reason is that Crypto never experience BEAR MARKET, and I mean PROPER BEAR MARKET where all markets are heading south for years, not only one to two years "panda bear markets" where it loses 85% and then recover as "normal" , but it loses 95% of ATH value and stay there for YEARS... And there is evidence for that behaviour in charts so its already happend in past, and there is no reason why it couldnt happen again. Think about it before you listen to some of "yours gurus" telling you should buy with your last dollar and you will be rich soon. Cause there is good % chance that you wont.
____________________________________________________________________________________________
If you here just because of short term time frame, I think we will keep bleeding at least to 20.550$, but before we reach it we may see bounce at least to 21.3 -21.5k BTC. That would be time to try Short BTC again. After it reach that price (20.550$) its all open on both sides in my opinion.
Best regards,
Joe
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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.