If you're wondering why Bitcoin is moving so slow.
Updated
There is a lot going on, uptrends intersecting with downtrends.
Resistance turning into Support.
Support refusing to become Resistance.
And vice-versa.
There is no chart or indicator that can honestly show or tell you every little detail that is happening.
No one is right, but everything is somewhat relevant to a degree.
Regardless, I was never worried when Bitcoin dumped throughout the years. I don't look at it at like it's losing value.
I just see a bunch of butt-hurt late investors haggling to try and save every last percentage before the rest of the world realizes that you can literally buy something more valuable than gold with just a phone or computer in front of you.
Resistance turning into Support.
Support refusing to become Resistance.
And vice-versa.
There is no chart or indicator that can honestly show or tell you every little detail that is happening.
No one is right, but everything is somewhat relevant to a degree.
Regardless, I was never worried when Bitcoin dumped throughout the years. I don't look at it at like it's losing value.
I just see a bunch of butt-hurt late investors haggling to try and save every last percentage before the rest of the world realizes that you can literally buy something more valuable than gold with just a phone or computer in front of you.
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4hr:1hr:
5min:
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But that's just my opinion. And what do I know besides 10 years of owning Bitcoin. I don't need to prove or impose my Ideologies to anyone. Only time will tell.
Until then, my bet is on the improvement and advancement of Humankind and what we as a species can move forward from our centuries old/outdated form of currency which is becoming less stable and less valuable by the year.
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